Four-year ban for company director following Insolvency Service investigations – TheBusinessDesk.com
Four-year ban for company director following Insolvency Service investigations TheBusinessDesk.com Read the original article here
UK construction company plunges into administration – in business since 2014 | UK | News
A UK construction contractor that has been operating for more than a decade has fallen into administration. Calvert Construction Limited, which specialises in commercial building projects across the retail, industrial, demolition and civil engineering sectors, formally entered administration following an appointment of administrators made on Friday, May 1, according to The London Gazette. The appointment…
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SC Allows Lifting of Corporate Veil in Holding Company CIRP to Include Subsidiary Assets; Restores Earth Infrastructure Resolution Plans [Read Judgment] – LawStreet Journal
SC Allows Lifting of Corporate Veil in Holding Company CIRP to Include Subsidiary Assets; Restores Earth Infrastructure Resolution Plans [Read Judgment] LawStreet Journal Read the original article here
Zille says Godongwana declared Joburg bankrupt over R21bn shortfall
Leaked letter reveals Joburg owes creditors R25.2 billion with only R3.9 billion cash, prompting National Treasury threat to withhold funds. DA Joburg mayoral candidate Helen Zille claims Finance Minister Enoch Godongwana has effectively declared the city bankrupt. Zille said in a letter to mayor Dada Morero, from Gondongwana and dated 23 April, which was leaked…
Mumbai NCLT Ruling: ₹50 Lakh Penalty in Bhiwandi Insolvency‑Fraud Case
The National Company Law Tribunal (NCLT) has ordered a former director of Barracks Retail India Pvt. Ltd. to repay over ₹50.36 lakh along with 12% annual interest, after finding prima facie evidence of alleged fraudulent diversion of rental income during insolvency proceedings. The ruling has also triggered a referral to the Insolvency and Bankruptcy Board…
North Yorkshire director of companies linked to Atherton scheme disqualified – Insider Media Ltd
North Yorkshire director of companies linked to Atherton scheme disqualified Insider Media Ltd Read the original article here
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Bestar and U.S. subsidiaries get temporary U.S. bankruptcy protection – Woodworking Network
Bestar and U.S. subsidiaries get temporary U.S. bankruptcy protection Woodworking Network Read the original article here
Lynskey files for Chapter 11 bankruptcy after 20 years building titanium bikes in the USA
Photo: Jim Hodgson US bike manufacturer Lynskey Performance Products, LLC has filed for Chapter 11 bankruptcy protection. In an April 30 filing, the Chattanooga, Tennessee-based company reported between $1 and $10 million in liabilities, and assets valued between $0 and $50,000. Another filing suggests the company had $59,000 in cash on hand as of April…