French game publisher and accessory maker Nacon has today announced that at the tail end of last week, the company filed for insolvency after hitting serious financial trouble. Looking at the team’s press release on matters, it’s been revealed that majority shareholder Bigben Interactive has effectively failed to make a loan repayment, which now means…
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24 By Lizzy Chirkpi The Federal High Court of Nigeria in Lagos has stepped into the affairs of AMNI International Petroleum Development Company Limited, placing the oil firm under court-supervised administration following a fresh debt claim by one of its creditors. In a ruling delivered on Monday, Nicholas Aneke granted the request of CCM Vessel…
The National Company Law Appellate Tribunal(NCLAT) allowed the insolvency proceedings initiated by UCO Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, as the NCLT was in error in rejecting the petitions on the ground of being time-barred without taking into account the balance sheet acknowledgments and COVID19 limitation relief. The UCO Bank…
NCLAT Allows Withdrawal of Insolvency Case Against Realty Firm Mahagun Realty Plus Magazine Read the original article here
The National Company Law Appellate Tribunal (NCLAT) rejected the appeals on the ground that the liquidator of the corporate debtor had the absolute authority to evict the subsidiaries occupying the properties of the corporate debtor and claim arrears of rent and license fees under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The corporate…
REVEALED: Latest business liquidations in Yarra Herald Sun Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The property developer behind a startling proposal to build a Trump Tower on the Gold Coast is a businessman who has gone bankrupt twice, the ABC can reveal. David Young of Altus Property Group this week stunned the Australian property scene by unveiling he had signed a deal with the Trump Organization for a 340-metre…
While tariffs helped bring the apparel innovator down, SRTX was already struggling to scale. Insolvent Montréal startup SRTX recently struck a deal to sell some of its assets to fellow Québec textile manufacturing firm AYK International. Court filings published online last week by SRTX trustee PricewaterhouseCoopers (PwC) share more details about the state of…