The decision could mean that the Government is unlikely to see most of the £148 million owed to it by the company. PPE Medpro, the company linked to Baroness Michelle Mone, has been wound up at a specialist companies court. The decision, made by a judge at a hearing on Thursday, could mean that the…
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James Fennessey and Blair Milne of Azets have been appointed as provisional liquidators for 1Stopwind Limited following a winding-up order issued by Paisley Sheriff Court. As a result of the court order, the registered office for the Scottish wind farm maintenance company has been transferred from its previous address in Paisley to the care of…
Weiss Korea Opportunity Fund to delist from AIM following liquidation vote Investing.com India Read the original article here
The National Company Law Appellate Tribunal at Chennai has reiterated that an insolvency case cannot be withdrawn once liquidation has begun, holding that the law allows withdrawal only during the resolution stage and not after a liquidation order is passed. A bench of Judicial Member Justice Sharad Kumar Sharma and Technical Member Jatindranath Swain dismissed…
Thomas McKay – Managing partner at Begbies Traynor in Scotland George Lafferty of Begbies Traynor has been appointed provisional liquidator of The View Café, Aviemore a popular café with both locals and visitors, as part of a Scottish court liquidation process. The company entered provisional liquidation on 16 December and has ceased trading, resulting in…
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Andrew Leigh, Assistant Minister for Productivity, Competition, Charities and Treasury, has underscored the importance of Australia’s insolvency system in supporting productivity. In a speech to be delivered at the Australian Financial Security Authority (AFSA) Summit on Tuesday (18 November) and seen by Accounting Times, Andrew Leigh underscored the importance of a robust and trustworthy insolvency…
The National Company Law Tribunal (NCLT) at Ahmedabad has rejected a plea filed by Dysetuff Industries Ltd seeking directions to convene a special meeting of the Committee of Creditors (CoC) to reopen the Expression of Interest (EOI) process in the insolvency of Sebacic India Ltd, holding that Corporate Insolvency Resolution Process (CIRP) timelines cannot be…
A victim of NextGen Financial Group has received a payment from the CSLR after the company went into liquidation rather than pay a $270,000 determination from the Australian Financial Complaints Authority (AFCA). In August 2016, WJ & V Drakoulis Super Pty Ltd (as trustee for the WJ & V Drakoulis Super Fund) received personal advice…