Tour company goes into liquidation and cancels trips, no refunds – thestreet.com
Tour company goes into liquidation and cancels trips, no refunds thestreet.com Read the original article here
NCLT Dismisses Restoration Application [Read Order]
The National Company Law Tribunal (NCLT), Kolkata Bench, dismissed a restoration application filed by the applicant, holding that a delay beyond 30 days cannot be justified as counsel’s inaction. Implex Metal & Ferro Alloys Ltd. was admitted into the Corporate Insolvency Resolution Process (CIRP) in March 2018 on a petition by the State Bank of…
Police investigating fraud claim against director of liquidated caravan manufacturer Zone RV
Failed luxury caravan manufacturer Zone RV will be liquidated, as police investigate the company’s director over fraud claims. The Sunshine Coast-based company fell into administration on December 1, owing creditors $42 million. Almost 150 Zone RV customers are owed about $15 million in progress payments made for caravans that have not been constructed. At a…
Indian Firms Face Ruin from Top 10 Compliance Blunders
Insolvency Proceedings Triggered by Compliance Failures Insolvency proceedings under India’s Insolvency and Bankruptcy Code, 2016 (IBC) are intended as swift resolutions for financial distress. Yet, many corporate debtors land in this process not from unforeseen misfortune, but from easily avoidable compliance mistakes. Understanding these common pitfalls is key to business resilience. Delayed Resolution Timelines The…
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REVEALED: Latest business liquidations in Nillumbik – Herald Sun
REVEALED: Latest business liquidations in Nillumbik Herald Sun Read the original article here
Restructuring and Insolvency | Macfarlanes
We provide our clients with clear and strategic advice when they face significant commercial pressures and complex restructuring challenges. We help stakeholders across the capital structure to protect value and manage risk across every stage of the process. Our experienced team brings together our specialists in finance and corporate restructuring, including a qualified insolvency practitioner.…
Collapsed research firm owes millions – The Press
Collapsed research firm owes millions The Press Read the original article here
Value City fails to attract a buyer, store liquidation to begin – Louisville Business First – The Business Journals
Value City fails to attract a buyer, store liquidation to begin – Louisville Business First The Business Journals Read the original article here