In his ruling, Judge Sebastian Prentis placed the company into liquidation. He said: “The department’s debt is very large indeed and it is a debt which has been incurred through the supply of defective equipment at a time of national crisis.” Judge Prentis said that there would be “questions of how this debt may be…
Getty Images Baroness Michelle Mone in the House of Lords with her businessman husband Douglas Barrowman The UK Government is unlikely to see most of the £148m is it owed by a faulty PPE supplier linked to Baroness Michelle Mone after the company was wound up. PPE Medpro, a consortium run by Mone’s husband Douglas…
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The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has issued a significant ruling in the liquidation of Corporate Power Limited (CPL), setting aside the earlier private sale process and directing the liquidator to conduct a fresh sale via the Swiss Challenge Mechanism. The judgment was delivered in a batch of appeals…
The National Company Law Appellate Tribunal (NCLAT) at Delhi has set aside insolvency proceedings against Techindia Nirman Limited, holding that the Corporate Insolvency Resolution Process was fraudulently and collusively initiated by a related-party financial creditor to wipe out public shareholding. It imposed a cost of Rs 25 lakh on the financial creditor for abusing the……
100 staff unpaid: inside the $3.6m collapse of regional disability provider Daily Liberal Read the original article here
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