A high-end training firm catering to both aspiring and professional airline pilots has been ordered by a court to be liquidated. On Sunday (February 22), a “winding-up order” for Jet Masterclass (UK) Ltd was published on The London Gazette website, meaning control will now be removed from its directors and transferred to an official receiver. …
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
The Industrial Development Corporation (IDC) is non-committal on whether it will provide additional financial support to the financially embattled sugar group and former land developer Tongaat Hulett. The corporation said this on Friday in response to Tongaat’s business rescue practitioners (BRPs) confirming on 12 February that “after exhausting all reasonable endeavours” they had applied to…
Spectrum allocated to telcos not asset, can’t be subjected to insolvency process: Supreme Court New Delhi: In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code. The decision will have ramifications in…
Compuage Infocom reported a consolidated loss of ₹7.74 crore for FY 2024-25.The company posted revenues of ₹3.01 crore for the same period.Reader Takeaway: Revenue stable at ₹3.01 cr; liquidation process remains key risk. What just happened (today’s filing) Compuage Infocom Limited is set to hold its 26th Annual General Meeting (AGM) on Tuesday, March 17,…
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Infinity Pharmaceuticals completes its wind-down after bankruptcy. Creditors are being paid first, leaving shareholders with minimal to no expected payout as the company dissolves. For investors holding shares of Infinity Pharmaceuticals, the journey is reaching its definitive conclusion. The company has entered the final stage of its corporate wind-down following a bankruptcy filing and the…