SINGAPORE – Close to 100 creditors are owed slightly over $1 million by confectionery chain Twelve Cupcakes, according to one of its appointed liquidators from AAG Corporate Advisory on Nov 25. This excludes the unpaid salaries owed to 80 former employees . The company has entered full liquidation as of Nov 24, the liquidator confirmed…
Homeplus failed to make the main bid, \n2nd sale and rehabilitation plan review commenced\n If the company’s proposal for participating in the preliminary bid fails to submit\n2nd sale, the possibility of liquidation ‘realization’ 사진 확대 Homeplus Dongdaemun Branch [Reporter Lee Seung Hwan] The possibility of liquidation is rising again as the first sale of Homeplus,…
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that the failure to communicate the individual score and ranking of a resolution applicant does not invalidate the corporate insolvency resolution process. The Tribunal ruled that the Consortium of Govindrao Sable’s objection to the non disclosure of its scorecard did not affect the…
TipRanks Black Friday Sale Alpha Energy Holdings ( (SG:VVL) ) just unveiled an announcement. Alpha DX Group Limited, currently in compulsory liquidation, has announced that there have been no material developments regarding its affairs since previous updates. The liquidators have committed to providing further announcements should any significant changes occur. Shareholders are advised to seek…
Running a company can be challenging, especially when cash flow pressures build. If you find yourself in financial difficulty, there are alternative pathways for small businesses other than traditional liquidation and administration. Must be a corporation to qualify In 2021, new laws were introduced to make corporate insolvency simpler and more affordable for small, incorporated…
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