The NCLAT modified the Jan. 21 order of NCLT, saying, “Observations and directions made in paragraphs 65 and 66 are not to be treated any direction for carrying out any investigation by the statutory authorities referred to therein.” “There was no occasion to make any observation or referring the matter to EoW or SFIO to…
The directors of a Frankton international grocery business have blamed staffing issues, online competition and high transport costs for the company’s insolvency. Spice King, which was incorporated in August 2017, was placed in liquidation last month by resolution of its Christchurch-based shareholders, Neeta and Krishna Shetty, who were also the company’s directors. In their first…
Beloved Pizza Brand That Fueled America’s Freezers Went Bankrupt Men’s Journal Read the original article here
Arkeon, an Austrian biotech company developing sustainable protein via gas fermentation, has formally filed for insolvency. The announcement was shared by co-founder and CEO Gregor Tegl on his LinkedIn page, marking the end of the start-up’s efforts to commercialise its alternative protein technology. In a public statement, Tegl expressed gratitude to the team, investors, partners…
NCLAT clarifies NCLT’s authority to order investigations into company affairs in insolvency cases under the Companies Act, subject to preconditions. New Delhi, Jun 16 (PTI) Appellate tribunal NCLAT has clarified that the National Company Law Tribunal (NCLT) can order an investigation into the affairs of a company by probe agencies in cases related to the…
The superstar jockey, who left Britain at the end of 2023, has not given up on the prospect of riding at the meeting again before he retires from the saddle Frankie Dettori: attending Royal Ascot this year as a spectator(Image: Getty Images) Frankie Dettori is returning to Royal Ascot this week – but he won’t…
The insolvency department said 330 people declared themselves bankrupt last year, almost double the number the previous year. (Selangor Insolvency Department pic) PETALING JAYA: Financial planners have called for a minimum debt level to be imposed for Malaysians who wish to declare themselves bankrupt. The lack of such a threshold allows those with even small…
Insolvency department director-general Bakri Abd Majid said the government is reviewing the debtor’s petition process to prevent potential misuse, as it does not have a set debt threshold. (Bernama pic) PETALING JAYA: There is a growing trend among Malaysians to voluntarily declare themselves as bankrupt, according to insolvency department director-general Bakri Abd Majid. He revealed…
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Former England star declared bankrupt after ‘burying his head’ over £36,000 tax bill MSN Read the original article here