The Cabinet of Ministers has approved the liquidation of Sahasya Investment Company, a state-owned enterprise established in 2020 to manage and develop Sri Lanka’s expressways, citing its failure to carry out any of its intended operations. Initially formed to oversee expressway maintenance, cost reduction through modern technology, and strategic infrastructure planning, Sahasya was later granted…
Kitchen Things went into receivership mid-year. Photo: Google Maps It’s been another tough year financially for many New Zealand households and businesses. While some commentators said in 2024 that businesses needed to focus on the mantra “survive til 2025”, for some it was a case of battling to survive through the year, too. Some high-profile…
Cabinet approves liquidation of Sahasya Investment Company The Island.lk Read the original article here
Wee Hur Places Dormant Associated Company Fernvale Green Into Voluntary Liquidation TipRanks Read the original article here
Interest Cannot Be Claimed Solely On Parity With Other Creditors Without Contractual Proof: NCLT Indore Live Law Read the original article here
Simply put, insolvency happens when a business is not able to pay its debts. When a company is not able to locate funds to pay debts that are due, for example through taking on additional debt, it can legally file for bankruptcy. The company is then dissolved, and its assets are sold, usually by a…
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NCLAT Rejects Equitas SFBs Insolvency Plea Against Jumbo Finvest, Upholds NCLT Order NDTV Profit Read the original article here
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Keppel Completes Voluntary Liquidation of Dormant Shanghai Subsidiary TipRanks Read the original article here