SINGAPORE (The Straits Times/ANN): Former oil tycoon and Hin Leong’s founder, Lim Oon Kuin, and his two children were declared bankrupt on Dec 19, the electronic government gazette published on Dec 27 showed. Better known in the oil trading industry as O.K. Lim, the 82-year-old, his daughter Lim Huey Ching, 57, and son Lim Chee…
2024 was shaping up to be a bad year for ramen shops. And it turned out to be pretty awful in the end, as Japan saw a record number of bankruptcies. The final numbers are in: 72 ramen shops shuttered for good in 2023 due to bankruptcy. “Bankruptcy” is here defined as having over 10…
A director who “repeatedly subverted the insolvency system’’ by helping owners of struggling businesses to drop debts has been banned from running companies for nine years. Neville Taylor, 57, is listed as a director of more than 400 companies and was paid almost £270,000 by the operators of a scheme that replaced the directors of…
Mumbai: Nirma Group-backed Nuvoco Vistas offered ₹1,800 crore to acquire Vadraj Cement, outbidding Adani Group at an auction under the court-monitored corporate insolvency process, said people aware of the matter.JSW Group, JK Cement and ArcelorMittal were among other bidders in the fray. Adani group-backed Ambuja Cement had partnered with Prudent ARC-backed RKG Fund to acquire…
Forward AM shutters U.S. operations following insolvency filing VoxelMatters Read the original article here
Prolific company director Neville Taylor has been disqualified for nine years Taylor, who is listed as a director of more than 400 companies, was paid by Atherton Corporate (UK) Ltd to replace the directors of 12 companies which had ceased trading but had not entered liquidation In each of the 12 companies, Taylor made little…
Prolific company director Neville Taylor has been disqualified for nine years Taylor, who is listed as a director of more than 400 companies, was paid by Atherton Corporate (UK) Ltd to replace the directors of 12 companies which had ceased trading but had not entered liquidation In each of the 12 companies, Taylor made little…
The Supreme Court recently dismissed an appeal seeking to confine Corporate Insolvency Resolution Process (CIRP) of Spaze Towers Pvt. Ltd. (Corporate Debtor) to a single real estate project of the company located in Gurugram. A bench of Justice Abhay Oka and Justice Augustine George Masih dismissed an appeal against the decision of National Company Law…
The materials supply and muck away specialist operates from a main yard near Heathrow Airport servicing sites across London and the South East. The company has an extensive fleet of tippers, grab lorries and artics and has been in business since 2016. Latest accounts for Ashville show the company employed 49…
Over 4.4 million council tax bills have gone unpaid, piling up a staggering £4.4 billion in debt – and forcing over one million people into the hands of bailiffs, according to a survey Property specialist Sell House Fast found that 1.8 million cases of unpaid council tax in England and Wales were referred to court…