Official UK registry records showed no record that glass manufacturer Clayton Glass Limited had entered administration as of 6 p.m. BST on Friday, September 18. Companies House filings listed the company as active with no registered insolvency notices. While public records can lag fast-moving financial events, official filings remain the sole confirmation of legal insolvency…
Gauzy Announces Court-Approved Resolution of Legacy Debt Following Overwhelming 98.96% Creditor Vote, Including 100% of Secured Lenders manilatimes.net Read the original article here
You buy a Bitcoin ETF. The company behind it collapses. Does your Bitcoin disappear with it? Usually, the situation is more complicated, and potentially less frightening, than investors might assume. The first thing to understand is that buying a spot Bitcoin ETF does not mean handing money to an asset manager and receiving Bitcoin owned…
The court-appointed trustee is currently exploring options for a restart of Infinite Acres and Infinite Acres Holding, both based in the Netherlands. Parties in the sector were informed of this on a Thursday. No official explanation has yet been given for the…
The National Company Law Appellate Tribunal (NCLAT) at Delhi on Thursday ruled that an objection to service of a demand notice via FedEx cannot defeat insolvency proceedings when the corporate debtor has received the notice and had knowledge of the claim. The bench comprising Judicial Member Justice Sharad Kumar Sharma, Technical Member Arun Baroka and…
Kyrgyz law does not allow ordinary individuals to be declared bankrupt AKIPRESS.COM – Kyrgyzstan’s current bankruptcy legislation does not allow ordinary individuals to be declared bankrupt, Deputy Director of the Bankruptcy Department under the Ministry of Economy and Commerce Kamil Chotkaraev said on the radio… Read the original article here
The direction came after the Tribunal was told that financiers were willing to infuse funds into the company and revive it. Counsel appearing for the company submitted that settlement discussions were being held with the creditors. However, several creditors expressed reservations about the proposal. Unity Small Finance Bank placed before the Tribunal a September 10…
Another UK haulage company has plunged into liquidation in another blow to the freight industry. Spareryb Logistics, based in Milton Keynes, appointed liquidators on September 3, with a notice placed in the London Gazette on September 10. There is no news at this stage on whether the decision will affect staff or lead to any…
Court action highlights legal duty on directors to complete identity verification First court action for identity verification offences brought by the Insolvency Service Three directors fined after failing to comply with requirements Convictions serve as a warning to directors: verify your identity or risk prosecution Directors are being warned to verify their identities with Companies…
Directors warned to verify identities with Companies House following first Insolvency Service prosecutions Wired-Gov Read the original article here