Interpath appointed joint administrators of BGL Contracts Limited

Glasgow-based electrical contractor BGL Contracts Limited has entered administration, resulting in the loss of all 40 jobs after facing mounting financial pressures. The firm, which has operated for almost 20 years, appointed Interpath managing directors Alistair McAlinden and Geoff Jacobs as joint administrators. The company specialised in electrical fit-out work for clients across sectors including…

How Can a Third Party Resist a Liquidator’s Section 335 Examination in Singapore?

Insolvency practitioners in Singapore hold a formidable investigative tool. Section 335 of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) lets the court compel not only a bankrupt but any third party who may hold relevant information, including family members, to appear for examination and to produce documents about the bankrupt’s affairs, dealings and property.…

NCLAT upholds insolvency proceedings against Farm2Energy

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by a suspended director of Farm2Energy, upholding insolvency proceedings against the company over an unpaid advance related to a biomass bales supply contract. A three-member bench dismissed the appeal filed by Sukhbir Singh, a director of the suspended board of the Ludhiana-based Farm2Energy, and…