In a recent case, the Madras High Court directsed the official liquidator to value the building through ITCOT within 60 days while a dispute over the ownership of property arose during the liquidation process under company law. Sale notice dated 15.07.2012 was issued by the Official Liquidator for sale of six lots of property (Lot-A…
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Kate Moss‘ Cosmoss has officially filed to close all its operations. The skin care and wellness business, launched by the 51-year-old British supermodel in 2022, entered into liquidation proceedings on June 24, according to the company filing. Kate Moss‘ Cosmoss enters liquidation proceedings after just three years. Courtesy According to the filing, Cosmoss owed about…
CJ Freshway seeks buyers for MarketBoro as part of equity liquidation efforts – CHOSUNBIZ Chosunbiz Read the original article here
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The companies were sanctioned by the US Department of Treasury’s Office of Foreign Assets Control (OFAC). In 2023, the High Court ordered that GTLK Europe and GTLK Europe Capital be wound up. The companies were liquidated on foot of an application from their creditors, who were owed close to $180m (€153m). The largest unsecured creditor…
Carli Harper, Labour’s cabinet member for finance and major projects, told the Local Democracy Reporting Service that liquidating the company was “a strategic decision that makes sense for the long-term”. Rather than using a private company to borrow money to fund developments, she argued the council could get better deals on loans from the government.…
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Two hundred jobs are set to be axed as a major trucking company that had been in business for more than three-decades goes bust. Transport and logistic company XL Express had operated along the east coast, delivering freight and packages between Sydney, Melbourne and Brisbane. The company had at one point thrived enough to take on…
Te Kaha subcontractor owes $2.1m to 120 creditors The Press Read the original article here