Liquidators for Squibb Group are still searching for £2.5m worth of plant and machinery, two years after the firm was wound up. A report from the liquidators, both from Interpath Advisory, said they had not found any more plant and machinery belonging to Squibb, a year after they first flagged difficulties in doing so. Jonathan…
Scots family-run hotel collapses into liquidation after 100 years The Scottish Sun Read the original article here
Mumbai: Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has admitted debtor claims of ₹4,240 crore and is undergoing insolvency proceedings, people aware of the development told ET. The company, which is a manufacturer of cables, wire rods,…
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The petition, filed under the Insolvency and Bankruptcy Code (IBC) by operational creditors, seeks initiation of the Corporate Insolvency Resolution Process (CIRP) against the company. The creditors have alleged that Polymatech failed to clear advisory fees and honour certain equity commitments despite repeated assurances and partial payments. Submissions before the tribunal indicate that while portions…
The Sunshine Coast franchise of long-running retailer Barbeques Galore will continue to trade as normal, despite the national chain falling into voluntary administration. The operators of Barbeques Galore Kawana Waters posted to social media on Thursday to say it was “business as usual” for the local store. “We would like to reassure everyone that Barbeques…
Official decrees formalize layoffs at Agespisa, affecting 236 workers and provoking legal and union disputes amidst the liquidation of the state-owned company and the transition of sanitation services in Piauí. Official decrees published in the Official Gazette of Piauí formalized the termination of contracts at Agespisa and accelerated the termination of employment contracts for CLT…
Global beer brand faces bankruptcy liquidation thestreet.com Read the original article here
Story audio is generated using AI The uncertainty unleashed by Tongaat Hulett’s provisional liquidation has rippled through KwaZulu-Natal’s lush cane belt, from small-scale farmers tending a few hard-won hectares to commercial operators leasing vast tracts from the distressed sugar giant near Tongaat. That burden extends beyond the town’s outskirts into the Midlands and down the…
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