TG Jones, previously known as WH Smith before its rebranding last year, currently operates more than 450 stores with 4,700 staff (mostly in the UK). But it is now set to close 150 of those stores as part of a “restructuring” plan which was approved by the High Court on Wednesday (July 1). TG Jones to…
TG Jones, previously known as WH Smith before its rebranding last year, currently operates more than 450 stores with 4,700 staff (mostly in the UK). But it is now set to close 150 of those stores as part of a “restructuring” plan which was approved by the High Court on Wednesday (July 1). TG Jones to…
TG Jones, previously known as WH Smith before its rebranding last year, currently operates more than 450 stores with 4,700 staff (mostly in the UK). But it is now set to close 150 of those stores as part of a “restructuring” plan which was approved by the High Court on Wednesday (July 1). TG Jones to…
NCLAT upholds ED’s PMLA powers over insolvency moratorium New Delhi, The National Company Law Appellate Tribunal (NCLAT) has said the moratorium available to companies undergoing insolvency proceedings cannot be used to shield assets alleged to be proceeds of crime, while upholding actions taken by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act…
IBC cannot be used to shield proceeds of crime, NCLAT says ED action under PMLA not barred by moratorium Moneycontrol.com Read the original article here
The court declared the short-term car rental and teledriving company Elmo Rent bankrupt on Wednesday. The company will also be subject to a public investigation by the Insolvency Service. In practice, a public investigation means the Insolvency Service will examine whether the company’s insolvency was caused by management failures or whether other violations occurred, business…
Troubles continue in the French studios. This time, Supamonks — one of the teams involved in the beat ’em up roguelike Absolum — has come under fire.
Kitchen retailer Magnet is to close 15 stores as part of a major restructuring plan designed to reduce unsustainable property costs and protect the stronger parts of the business. The company has announced that the closures will be implemented through a proposed Company Voluntary Arrangement, commonly known as a CVA. Magnet said the CVA is…
The National Company Law Appellate Tribunal (NCLAT) at Delhi on Tuesday held that the moratorium under the Insolvency and Bankruptcy Code (IBC) does not prevent the Enforcement Directorate (ED) from attaching assets alleged to be proceeds of crime under the Prevention of Money Laundering Act (PMLA). It observed that Parliament did not enact the IBC…
Without Pay Since May, 150 Workers at Halberstadt Canning Company Face Collapse Amid Allegations of AD HOC NEWS Read the original article here