Question A family member is facing severe financial difficulties and is likely to be made bankrupt as a result. We were discussing what assets might be seized, which we assume will be his house and an investment property. However, I remember reading somewhere that superannuation is not normally available to the people who supervise bankruptcies.…
Freshstone manufactures private-label and branded ready-to-go meals, meal kits, salads, entrees and sides for supermarkets, club stores, convenience stores, foodservice customers and co-manufacturing customers in Canada and the United States. Its operating units and brands include Freshstone Brands, Tiffany Gate, Johnston’s, Keybrand, Dip-A-Chip and Kingsway. As of May 11, 2026, the company had 338 non-unionized…
The companies provide integrated payment processing, gift card, loyalty and customer engagement software to small and medium-sized businesses. The group serves approximately 38,000 customers across Canada and the United States and has approximately 118 employees, all employed by Paystone Inc. Its customer base is concentrated in service-based businesses, including hospitality, automotive, healthcare and wellness, and…
Construction company plunges into liquidation – owes £500,000 MSN Read the original article here
SpaceX nearly went bankrupt in 2008, and yesterday it went public with an IPO valued at $1.77 trillion. Here is the story of the largest IPO in history and the world’s first trillionaire, Elon Musk. In 1999, Elon Musk sold his first company, Zip2, for $300 million. He then co-founded PayPal, which eBay acquired in…
BENGALURU: Even as Congress MLC Naseer Ahmed has been declared “bankrupt” by the National Company Law Tribunal (NCLT), Bengaluru bench, he is unlikely to get disqualified from his MLC post. Naseer will retire on June 30, 2026. “We are not concerned about him being declared bankrupt as it is his personal issue. We cannot initiate…
BENGALURU: Even as Congress MLC Naseer Ahmed has been declared “bankrupt” by the National Company Law Tribunal (NCLT), Bengaluru bench, he is unlikely to get disqualified from his MLC post. Naseer will retire on June 30, 2026. “We are not concerned about him being declared bankrupt as it is his personal issue. We cannot initiate…
SINGAPORE – Robert (not his real name) reckons he is a savvy investor, so when he was introduced to an investment company that promised 16 per cent returns per annum for a business loan, he was sceptical. But the 38-year-old businessman was swayed after meeting the firm’s Singapore-based director, James Nicholas Kodrowski, in 2018. Kodrowski,…
National Company Law Tribunal (NCLT) Bengaluru (Karnataka) [India], June 13 (ANI): In a major setback for Congress MLC Naseer Ahmed, the National Company Law Tribunal (NCLT) has declared him insolvent over default on bank loans and interest totalling Rs 1,454.71 crore. The order puts his Legislative Council membership and voting rights at risk. The case…
In a recent ruling, the National Company Law Tribunal (NCLT), Bengaluru Bench, has declared Congress MLC Naseer Ahmed bankrupt after finding him liable as a personal guarantor for loans amounting to ₹1,454 crore extended to Scotts Garments Ltd. by a consortium of banks led by Canara Bank, State Bank of India, and IDBI Bank. Appearing through…