The second director of collapsed Dunedin building firm Clan Construction has been adjudicated bankrupt. The company, owned by Brett McCormack and Michelle Macmillan, went into liquidation in March 2023 owing more than $2 million. Mr McCormack, a former Otago rugby player, was adjudicated bankrupt in December that year. In their latest report last month, liquidators…
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Canoo is insolvent and ceases operations www.electrive.com Read the original article here
Bankrupt former London private hire vehicle driver who claimed £50,000 Bounce Back Loan hit with 11 years of sanctions TaxiPoint Taxi News Read the original article here
The National Company Law Tribunal (NCLT) on Monday (20 January) ordered the liquidation of budget airline Go First Airways. The decision followed an application filed by the airline’s Committee of Creditors (CoC), marking the end of a protracted insolvency process. A bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan delivered the…
The National Company Law Tribunal (NCLT), on Monday, approved the liquidation of Go First, the grounded budget airline. The decision was delivered by a bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan, who ruled in favour of the application submitted by the airline’s Committee of Creditors (CoC). Company Value Change %Change…
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, concluding the 21-month-long insolvency proceedings against the budget airline. The bankrupt airline landed in the bankruptcy court in May 2023. The airline held a 6.9% market share in India’s aviation sector at the time but was left with no viable assets…
The National Company Law Tribunal on Monday ordered the liquidation of low-cost carrier Go First. The order was pronounced by the Delhi bench of the NCLT, comprising judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan. On May 10, 2023, the NCLT admitted Go First’s plea to initiate voluntary insolvency resolution proceedings, following the airline’s…
On May 2, 2023, Go First filed a voluntary plea under Section 10 of the IBC, seeking admission to the Corporate Insolvency Resolution Process (CIRP). The NCLT admitted the application on May 10, appointing a Resolution Professional (RP) to manage the airline’s affairs. In response, the airline’s lessors appealed to the National Company Law Appellate…
Thousands shut up shop as company collapses hit record The Australian Read the original article here