SINGAPORE – After clashing with his court-appointed private trustee, a bankrupt man asked the High Court to have the trustee removed, citing what he described as an “irreparable breakdown” in their working relationship. But the court dismissed Alvin See Chuen Lim’s application, ruling that he has no legal standing to seek the trustee’s removal. It…
The National Company Law Appellate Tribunal (NCLAT) has said the moratorium available to companies undergoing insolvency proceedings cannot be used to shield assets alleged to be proceeds of crime, while upholding actions taken by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) against Siddhi Vinayak Logistics Ltd. The appellate tribunal said…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has said the moratorium available to companies undergoing insolvency cannot be used to shield assets alleged to be proceeds of crime, while upholding actions taken by the ED under the PMLA against Siddhi Vinayak Logistics Ltd. The appellate tribunal said if there has been any attachment…
Derby builder ‘ripped off’ customers for more than £200k BBC Read the original article here
Derby builder ‘ripped off’ customers for more than £200k BBC Read the original article here
The Insolvency Service said a woman paid Haslam £47,760 for a single-storey extension and garage refurbishment before work stopped in June 2022. She told the court the work had left her home in an “unsafe condition” that was “fully open to the elements”. In a victim impact statement, read to the court, she said: “As…
On June 25, 2026, Planethic Group AG (formerly Veganz Group AG) decided to file a petition with the competent Berlin Local Court to open insolvency proceedings under self-administration. The aim of this step is to continue the restructuring measures already underway and to ensure the company’s long-term competitiveness. Operations are expected to continue without interruption.…
Latest monthly statistics from the Insolvency Service have shown that personal insolvencies fell whilst business insolvencies increased in Northern Ireland in May 2026. The data showed that there were 140 personal insolvencies; this was 37% higher than in May 2025. There were 99 IVAs, 20 bankruptcies and 21 DROs. There were 30 business insolvencies, 43% lower…
Supreme Court Refuses To Interfere With Interest On Adani Infra’s Delayed ₹255 Crore Payment For Land Bought In Liquidation Case Title : CA RAMCHANDRA DALLARAM CHOUDHARY Versus ADANI INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED Case Number : DIARY NO. 5988 OF 2026 The Supreme Court on Monday declined to interfere with a National Company Law Appellate…
Did Red Lobster purposefully doom itself with the infamous Endless Shrimp deal? Fast Company Read the original article here