(Alliance News) – Sorted Group Holdings PLC on Thursday said it may have to enter liquidation or another insolvency process after deciding not to draw on an existing loan facility, as it requested the suspension of trading in its shares on AIM. The Manchester-based shipments and delivery monitoring software, which became a cash shell in…
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Richard Bathgate, restructuring partner and licensed insolvency practitioner at Johnston Carmichael LLP, has been appointed interim liquidator of Nairn-based Alpha Plus Windows & Conservatories Limited. The appointment follows a period of challenging trading conditions for the home improvement business. Prior to taking steps to wind up the business, the company’s director, Alan Paul, undertook a…
On 23 June, the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted Bank of India‘s Section 7 petition against Supreme Engineering Limited over a default of Rs. 117.50 crore, holding that Section 10A of the Insolvency and Bankruptcy Code, 2016 does not shield post-COVID defaults from insolvency proceedings. Judicial Member Nilesh Sharma and…
A popular Australian streetwear brand has collapsed into liquidation. Geedup Co was founded in western Sydney in 2010 and developed a cult following. The brand was launched by Jake ‘Paco’ Catley. Louie Douvis Robert Woods from Deloitte has been appointed as the liquidator of the brand, which operated under the company Expialidocious Investments Pty Ltd. A…
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Vikram Solar says NCLAT stays insolvency proceedings against company New Delhi, The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a regulatory filing. The company did not inform about the next date of the hearing. The Kolkata-bench of the…
The liquidators are still to investigate if any money is owed to creditors. Companies Office records show John-Paul Porteous is the director of Nanny’s Eatery Limited. The restaurant’s website says, “JP has been the master of the spice since he was a little boy.” “Naming Nanny’s Eatery after Nanny is our way of honouring her,…
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a regulatory filing. The company did not inform about the next date of the hearing. The Kolkata-bench of the National Company Law Tribunal (NCLT), on June 19, ordered the initiation…