A construction company has failed to convince the court that it was solvent after it was issued a winding-up application over $100k in subcontracting work allegedly unpaid for. After performing work for a construction company for a shortfall of over $100,000, one subcontracting company has had its winding-up application adjourned, with the court offering the…
A UK travel company specialising in ski holidays has entered voluntary liquidation, with all package holidays booked through the firm cancelled. Ski Yodl Ltd, which traded as Yodl, was incorporated in March 2018 and offered ski holiday packages to destinations including the French Alps. According to its LinkedIn profile, Ski Yodl described itself as “a…
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by the consortium of Inox Neo Energies Limited and Authum Investment & Infrastructure Limited for Wind World (India) Limited (WWIL), paving the way for the acquisition of the company under the corporate insolvency resolution process (CIRP) under the Insolvency…
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The National Company Law Tribunal (NCLT) at Amaravati has held that once a corporate debtor is admitted into the Corporate Insolvency Resolution Process (CIRP), its suspended management has no authority to operate the company’s bank accounts or transfer its funds. A coram of Judicial Member Kishore Vemulapalli and Technical Member Umesh Kumar Shukla observed that…
Is it truly possible that artificial intelligence, the very technological wave promised to unlock trillions in enterprise productivity, could end up upending Oracle (ORCL), the staid, unshakeable, fifty-year-old titan of relational enterprise databases? The company that has quietly powered global banking, enterprise logistics, and government administration for half a century is now carrying a very…
Sono Motors files for insolvency, puts solar business up for sale pv-magazine.com Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Court of Appeal rules that directors who fraudulently misappropriated client money were liable for the cost of repaying it, but not for the company’s subsequent trading losses. In a decision clarifying the circumstances in which companies can recover losses from dishonest directors, the Court of Appeal has ruled that two directors who fraudulently misappropriated client…
Creditors of collapsed insurer United Insurance Company Limited have been given a fresh opportunity to formally lodge their claims nearly 20 years after the insurer was placed under statutory management. The court-appointed liquidator, Kamal Anantroy Bhatt, has called a meeting of creditors on September 11, 2026, at the Kenyatta International Convention Center (KICC) in Nairobi…