Arash Sharafzadeh, 33, overstated his company’s turnover to claim the maximum loan under the government scheme during the pandemic. Mr Sharafzadeh, who ran BSG Bolton Ltd, applied for the loan on September 4, 2020, and said the company’s turnover in 2019 was £210,566. However, the company’s actual turnover for the year ending July 31, 2019…
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NCLT Dismisses Insolvency Proceedings Against Burnpur Cement Limited scanx.trade Read the original article here
“This is how cities go bankrupt” | Gonzales council debates ‘above range’ employee raises Unfiltered with Kiran Read the original article here
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India is planning to establish a dedicated bench within the National Company Law Tribunal (NCLT) to handle cross-border insolvency cases, as part of efforts to improve resolution timelines and align the country�s insolvency framework with global standards. The proposed development, outlined in the past week, will come into effect once new rules under the…
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Hi-Tech Gears CIRP Hearing Postponed to July 2026, Interim Stay Continues scanx.trade Read the original article here
The Reliance Communications Limited on Wednesday said officials of the Central Bureau of Investigation conducted a seizure operation at its office premises in Navi Mumbai, and took away certain original records and documents related to borrowings raised from the Life Insurance Corporation of India. “During the seizure operation, the CBI officials seized inter alia certain…
UK gin and rum company collapses into administration – 4.9 rating on Google (Image: Gorilla Spirits) A UK spirits business behind a gin and rum brand has entered liquidation after appointing insolvency practitioners earlier this month, according to official filings. Gorilla Spirits Company Limited, which trades from Manor Farm Yard in Upton Grey, Hampshire, was…