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Mumbai: The bankruptcy court in Mumbai has admitted AGS Transact Technologies for corporate insolvency resolution process (CIRP) on an application filed by the listed payment solution company‘s operational creditor Securitrans India Pvt Ltd. The National Company Law Tribunal (NCLT) has also appointed Brijendra Kumar Mishra as the interim resolution professional of the company. AGS Transact…
Chief Executive Pål Lothe Magnussen commented on the process, stating, “AMSC has been a successful dividend distributor over the past years returning more than NOK67 per share in cash distributions in addition to the Solstad Maritime shares.” He added, “We are making progress towards a liquidation of AMSC and delisting from Oslo Stock Exchange, expected…
Home-Goods stores are one of the many American companies that are facing consequences due to high tariffs. Retailers felt forced to increase the prices of their products due to the continuous increase in tariff rates. Unfortunately, some companies are experiencing it much worse than others. Hence, this retailer could no longer keep up and was…
1. Introduction The Supreme Court’s ruling in Kalyani Transco v. M/s Bhushan Power & Steel Ltd. & Ors. addresses whether procedural irregularities that occur during the Corporate Insolvency Resolution Process (“CIRP”) are sufficient to undo an approved resolution plan under the Insolvency and Bankruptcy Code, 2016 (“Code”). CIRP leads to two possible outcomes; either the…
Gogglebox legend’s business ‘goes into liquidation after £169,127 debt’ Lancs Live Read the original article here
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StrongRoom AI sale takes a twist after liquidation order AFR Read the original article here
Michelle Elliot and Callum Carmichael of FRP Advisory were appointed as joint liquidators to Coille Haulage Ltd, based in Argyll, on August 14. The liquidators said of Coille: “In recent years, it encountered a number of significant challenges, including the legacy impact of the Covid-19 pandemic, tightening margins on contracts and escalating operating costs. “The company’s…