The amendment seeks to give buyers of distressed assets a clean slate by extinguishing all claims by creditors against a bankrupt company once an insolvency resolution plan is approved, said two persons aware of discussions in the government. This covers claims not specifically provided for in the resolution plan. A specific provision to this effect…
Resurgent India files insolvency plea against Future Consumer MSN Read the original article here
Company behind Lindsey Oil Refinery collapsed owing estimated £1.6bn including huge sum to tax office business-live.co.uk Read the original article here
RetailDeals A specialist in litigation and dispute resolution has warned that Poundland could ultimately wind up in insolvency proceedings despite its rescue deal. Poundland narrowly avoided administration after the High Court approved a major restructuring plan, but the discount chain has confirmed several stores across the country – as well as its online store and…
RetailDeals A specialist in litigation and dispute resolution has warned that Poundland could ultimately wind up in insolvency proceedings despite its rescue deal. Poundland narrowly avoided administration after the High Court approved a major restructuring plan, but the discount chain has confirmed several stores across the country – as well as its online store and…
Cell C announced that it has achieved profitability for the financial year ending May 31, 2025, marking a significant turnaround in its financial performance. The news was revealed in the annual results released by its owner, Blue Label Telecoms. While the mobile operator reported a net profit after tax of R2.2 billion, it remains technically…
Contracting company KDR Venlo has been declared bankrupt. Local Limburg media report that creditors filed for the bankruptcy of the business, which employed two people. The company was active in greenhouse roof cleaning, both in the Netherlands and abroad. KDR Venlo B.V.…
Denheath Desserts in liquidation: South Canterbury custard square company closed … Read the original article here
Bankrupt owner puts thousands of music fans refunds at risk BBC Read the original article here
Vegan Finest Foods, the Dutch company behind plant-based brands such as Vegan Zeastar, Beastie Plants, and Vegan Junkstar, has been declared bankrupt, as reported by Eiwit Trends. The company, founded in 2019 in partnership with the restaurant chain Vegan Junkfood Bar, faced significant financial difficulties following the economic impacts of the coronavirus pandemic and a…