A Bench of Justices PV Sanjay Kumar and Alok Aradhe restored the resolution plans submitted by two firms, Roma Unicon Designex Consortium and Alpha Corp Development Private Limited, for the completion of the projects The Court also criticised the Greater Noida Industrial Development Authority (GNIDA) for its persistent inaction and ineptitude. “The inertia on the…
Mary Chia Faces Insolvency Actions Amid Legal Dispute With Fullink Capital TipRanks Read the original article here
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Mary Chia Holdings Limited – Update on Court Proceedings and Insolvency Risks Key Highlights Mary Chia Holdings Limited and its subsidiaries are currently embroiled in significant legal proceedings with Fullink Capital Pte. Ltd. Multiple insolvency proceedings have been initiated against the Company and key officers, including the CEO and CFO, as well as a wholly-owned…
Copia faces insolvency petition over unpaid debts Capitalfm.co.ke Read the original article here
The situation looks bleak and potentially terminal for the Álava-based steel pipe maker company Tubos Reunidos, as its board of directors has informed both the National Securities Market Commission and a court in Vitoria-Gasteiz that it is unable to meet its upcoming financial obligations or debts. The company is facing a mounting debt of €263…
The situation looks bleak and potentially terminal for the Álava-based steel pipe maker company Tubos Reunidos, as its board of directors has informed both the National Securities Market Commission and a court in Vitoria-Gasteiz that it is unable to meet its upcoming financial obligations or debts. ADVERTISEMENT ADVERTISEMENT The company is facing a mounting debt…
South Africa is expected to see business insolvencies reach 1,540 cases in 2026, and while this is a decline from the start of the decade, risks from the Iran War are extensive. This is according to Allianz Trade’s latest Insolvency Report, which examines non-payment risks for corporates in 2026 and 2027. The world leader in…
There were 167,176 overdue invoices on the books of around 25,00 mostly small businesses in Northern Ireland in the first quarter of this year, a new report reveals. Late payments are a significant cause of company insolvencies, and mounting arrears can quickly turn day to-day cash flow issues into a wider crisis,according to R3, the…
A UK steel engineering and fabrication business has taken steps towards Creditors’ Voluntary Liquidation, according to official filings. LK Engineering Limited, which trades from 69 Parkview Drive in Liverpool, is holding a virtual meeting of creditors on May 14, 2026, at 10am. The process was initiated under the Insolvency Act 1986, with joint insolvency practitioners…