The National Company Law Tribunal (NCLT), New Delhi Bench, ordered the liquidation of SN Cinema Advertising Pvt. Ltd. under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, rejecting the suspended directors’ objections that liquidation was premature and that the company’s MSME status entitled them to revive operations. The Corporate Insolvency Resolution Process (CIRP) of…
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REVEALED: Latest business liquidations in Whitehorse Herald Sun Read the original article here
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The National Company Law Tribunal (NCLT) approved the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code after the National Company Law Appellate Tribunal (NCLAT) upheld its compliance with the requirements of Section 30(2), including fair asset valuation and equitable treatment of creditors. An application was filed by Mr. Jalesh Kumar Grover, Resolution…
Joanna Seawright, 54, who lives in Dumfries, and Karen Mortimer, 67, who now lives in Tenerife, were instrumental in a scheme allowing struggling firms to wind up without facing massive liabilities. Sisters Karen Mortimer (left) and Joanna Seawright have been banned as directors Two sisters have been named as “key” players in an insolvency avoidance…
By OLIVIA DAY, ASSISTANT NEWS EDITOR, AUSTRALIA Published: 10:23 AEDT, 24 October 2025 | Updated: 11:11 AEDT, 24 October 2025 An Australian family-owned food business has collapsed into administration with $3.8million in debts, leaving dozens of employees in the lurch. Spring Gully Foods, a fourth-generation food manufacturer based in South Australia, is known for its…
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The board of trustees for Manchester Pride, one of Europe’s biggest LGTBQ+ events has announced that it has entered voluntary liquidation. Originally reported by the Manchester Mill, the Manchester Pride organisers were hoping to secure funding from a successful bid to host Europride in 2028, but lost out to Limerick and Clare. The BBC also…