Creditors of collapsed trade finance firm Stronghold Global Finance (UK) Limited are owed at least £1.28mn and may not receive any disbursements from the company’s estate, liquidators have said. A court placed Stronghold into liquidation last year after it failed to pay debts of £181,000 to seven creditors, including former employees and vendors such…
Final order granted for liquidation of Murray & Roberts Holdings Engineering News Read the original article here
The leader of Arts at the Mill, which operated The Old Courts venue in Wigan, has said entering a temporary administration process is a “positive and necessary step” to protect creditor interests, as the scale of its debt has been revealed as over £1.6 million. However, David Jenkins, managing director of the Arts Council England…
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Murray & Roberts Holdings has received a final liquidation order from the Gauteng High Court, marking the end of the road for the 123-year-old company. In an update to shareholders, the group said that Theo van den Heever has been appointed as the provisional liquidator. With the trading of the company’s shares on the JSE…
REVEALED: Latest business liquidations in Monash Herald Sun Read the original article here
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In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, dismissed an appeal filed by Sarang Kumar Wadhawan, a shareholder of Privilege Power Infrastructure Limited (PPIL), and upheld the initiation of the Corporate Insolvency Resolution Process (CIRP) for a default of over Rs. 138 crore. The appeal was against…
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