Paul James Manley (63), from Wembley, North-West London, was disqualified for 12 years on 11 December 2018 and his ban is effective from 1 January 2019. Incorporated in 1994, County West Commercial Services Ltd was an accountancy firm based in Hammersmith. Paul Manley was a director of the company and 13 years later, County West…
The Sofia city court declared Bulgarian operator Max Telecom insolvent in a case opened at the request of local M Sat Cable over a BGN 116.2 million debt, writes SeeNews.com citing documents filed with the commercial register. Max Telecom failed to make two payments worth BGN 67.6 million to M Sat Cable as agreed in…
By ON Ravi Last week, the principal bench of National Company Law Tribunal (NCLT), Delhi, dismissed a corporate insolvency application under the Insolvency and Bankruptcy Code, 2016 filed by HDFC against RHC Holding, on the ground that RHC Holding is a financial service provider and as such would not come within the ambit of the…
Date: 19.12.2018 Transport, postal and warehousing fifth-most likely sector to experience financial difficulty The Australian Securities and Investments Commission (ASIC) has released its insolvency statistics for the 2017-18 financial year, with the transport, postal and warehousing category recording 379 insolvencies for the period equating to…
Miniso Canada (various locations),a discount retailer thats like a Uniqlo-meets-Muji hybrid, is allegedly facing bankruptcy. According to a Miniso Group press release issued yesterday (December 17),the Chinese parent companies of the global chain have filed an applicationin the B.C. Supreme Court to begin bankruptcy proceedings for its Canadian division of variety stores that carry low-cost…
Disappointment Chairman Philip OLeary expressed disappointment, however, that the numbers opting for mediation have fallen in Dublin, with 318 first joint information sessions in 2017 compared with 348 in 2016 and 407 in 2015. The board wants a higher take-up of mediation in applications for guardianship, custody or access in the Dublin area, and it…
Katie Price commanded a fortune of 45m during her heyday as one of the most powerful media figures in the UK. After starting out as a glamour model, she starred in her own reality TV shows, won Celebrity Big Brother and even dabbled in pop music. Price, previously known by the pseudonym Jordan, has also…
The Insolvency and Bankruptcy Code, 2016 has seen its share of twists and turns. One more twist may be lying in wait; operational creditors seeking a voice alongside financial creditors in the insolvency process. A financial creditor is one who has lent money to the company, and an operational creditor is a vendor who has…
Ching Yau Yu and Vincent Wai Kit Yu were directors of Kai Hing Limited. The company was incorporated in January 2011 and traded under Yu and You Restaurant and Bar, a Chinese eatery in the Copster Green area of Blackburn. The restaurant featured in the TV programme, Ramsays Best Restaurant, in 2013. However, Kai Hing…
Once-hyped augmented reality startup Blippar has laid off all of its employees after it collapsed into administration. The company said it would wind down its augmented reality services after being unable to raise the necessary funding to stay alive. The decision leaves loyal Blippar employees in a tough position before Christmas and may affect their…