Two directors behind various high-profile franchises in Ireland have been restricted in acting as company directors for five years after the High Court found they had failed to act responsibly in their roles as directors of one company, Downtul Ltd, which ultimately went into liquidation. Downtul Ltd leased a premises to Atercin Liffey Unlimited…
She paid £50 of her own money to secure the booking and began fundraising through a JustGiving page and a collection at her workplace. “I’ve raised nearly £1,000, about £500 in cash and the rest online,” she said. “I was literally about to pay the rest last week. I’m so glad I didn’t.” The skydive…
The National Company Law Tribunal (NCLT) Kochi bench of Madhu Sinha (Member Technical) and Vinay Goel (Member Judicial) has held that past liabilities incurred before the execution of the Agreement of Guarantee cannot be included in it unless an explicit clause covering such liabilities are explicitly incorporated in the Agreement. The present petitions have been…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Nanogirl Labs: Business failure ‘devastating’, say founders Stuff Read the original article here
A COMPANY involved in a fatal parachute jump on the Blackdown Hills above Wellington has closed without notice and said it was to be compulsorily liquidated by the Official Receiver. A parachute used in a tandem jump at Dunkeswell Aerodrome by skydiving instructor Adam Harrison, aged 30, and mother of four Belinda Taylor, aged 48,…
Indian Institute of Corporate Affairs( IICA ) Launches 7th Batch of Postgraduate Insolvency Programme with Legal Luminaries PIB Read the original article here
The National Company Law Appellate Tribunal held that a claim filed during liquidation must be dealt with as per the waterfall mechanism under Section 53 of the Insolvency and Bankruptcy Code, 2016, and the NCLT cannot direct a Liquidator to make payment to any claimant directly. Justice Ashok Bhushan and Arun Baroka said: “We are…
The National Company Law Tribunal (NCLT) Indore bench of Shammi Khan (Judicial Member) and Sanjeev Kumar Sharma (Technical Member)has held that the Adjudicating Authority is not empowered to adjudicate disputes relating to auction sale of the property which does not form part of the Corporate Debtor’s assets. The present application has been filed under section…
Disability employment provider Bedford to go into voluntary administration MSN Read the original article here