A union has welcomed the government taking over a troubled steel company, but is warning that payment for workers must be a top priority. Speciality Steels UK – which employs almost 1,500 people – was pushed into compulsory liquidation yesterday, and is the third-largest producer in the country. It is part of the Liberty Steel…
UK’s third-largest steel producer pushed into compulsory liquidation MSN Read the original article here
Lexington Blue bankruptcy converted to liquidation. What it means for homeowners Lexington Herald Leader Read the original article here
Melbourne commercial printer, Ezprint, has hit the skids, entering voluntary liquidation following a general meeting of company members last Friday (15 August), halting all work and terminating employment for all staff. A letter to staff members from company director, Daniel Mayson, stated: “Unfortunately, despite our best efforts, we have reached a point where the business…
Eevia Health The Board of Directors of Eevia Health Plc (“Eevia” or the “Company”) has resolved to propose to the General Meeting of Shareholders that the Company enter voluntary liquidation. Despite a recent surge in commercial opportunities including new multi-million item orders and the initiation of supplier set-up with two of the world’s largest brands,…
Aker Carbon Capture ASA Reference is made to the extraordinary general meeting in Aker Carbon Capture ASA (under liquidation) (the “Company”) held on 5 August 2025 where it was resolved to liquidate the Company. The Company’s Board of Directors has in accordance with section 16-6 of the Norwegian Public Limited Liability Companies Act prepared a…
Reference is made to the extraordinary general meeting in Aker Carbon CaptureASA (under liquidation) (the “Company”) held on 5 August 2025 where it wasresolved to liquidate the Company. The Company’s Board of Directors has in accordance with section 16-6 of theNorwegian Public Limited Liability Companies Act prepared a liquidationbalancesheet as of 31 July 2025. The…
Since the end of Members’ Voluntary Liquidation (MVL) clearance, there has been an increase in Notices of Intended Dividends (NOIDs) submitted by insolvency practitioners (IPs), under Rule 14.29(1)(b) Insolvency (England and Wales) Rules 2016 (IR16). This has created operational challenges for HMRC. Operational challenges for HMRC High volumes There has been a significant increase in…
Christchurch company CProPainterPlaster has collapsed owing Inland Revenue an estimated $1 million-plus in unpaid tax. The business working in the house construction industry went into liquidation under an application filed by the IRD at the Christchurch High Court on July 10 with the New Zealand Insolvency and Trustee Service appointed as liquidator. In the first…
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that the failure of the Resolution Professional to individually inform the homebuyers about the insolvency proceedings as mandated under Regulation 6A of the CIRP Regulations, 2016, so…