Mere Denial That Invoices Were Not Received Cannot Override Signed Acknowledgements From Operational Creditor: NCLT Chandigarh

The National Company Tribunal Chandigarh, bench of Justice Harnam Singh Thakur and Shri Kaushalendra Kumar Singh, have held that a mere bald denial that invoices forming the basis of the claim were not received cannot prevail over specific, dated communications and signed acknowledgements originating from within the operational creditors’ finance department. The operational creditor Pierian…

Gisborne-based logging company Lift Harvesting in liquidation owing $1.5m to creditors – report

“The cause of this liquidation appears to be related to a failure to account for taxation compounded by the regional cyclone experienced in January 2023,” the report says, under the subheading “additional information”. “The liquidator has established contact with the company director, and a statement of affairs has been received. The liquidator is conducting searches…

Top Shelf International enters voluntary administration

Less than one year after being put up for sale and one week after gaining shareholder approval for a planned $10 million capital raise, embattled Australian spirits producer Top Shelf International has been placed into voluntary administration following an extended period of economic hardship and debt pressure. Announced to shareholders yesterday, the decision follows shortly…