In a new circular, the IBBI has underlined the need for insolvency professionals to carry out due diligence to guard against misuse of the IBC framework. “The IBBI has received information from law enforcement and regulatory agencies that, in certain cases, the framework under the Insolvency and Bankruptcy Code, 2016 is being misused for purposes…
A five-star rated North Yorkshire electrical installation company has gone into liquidation with reported debts approaching £200,000. ADS Electrical Services of Shire Bridge Business Park, York Road, Easingwold, entered liquidation on July 28. The company, which was incorporated in 2018, appointed GS Insolvency and Restructuring Ltd as liquidator. A report, known as a statement of…
Hollard to liquidate cannabis firm over R20m debt IOL Read the original article here
ASIC confirms investigation into collapsed Sphere Insurance Group Insurance Business Read the original article here
Directors disqualified over £15m tax evasion plot involving mislabelled Chinese vapes The Scotsman Read the original article here
IBBI directs insolvency professionals to conduct due diligence over potential misuse of IBC framework ETLegalWorld.com Read the original article here
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REVEALED: Liquidator appointments for businesses in the Redland council area for September 8 The Courier Mail Read the original article here
Under its two guises, GMT received at least £12m across a three-year period, almost all of which was for operating unregistered children’s homes for local authorities including Manchester and Tameside. GMT’s most recent published accounts show directors received dividends totalling more than £300,000 in 2023. During that year, the directors were owner and CEO Emma…
First Brands forced into liquidation by bankruptcy court Financial Times Read the original article here