KUALA LUMPUR (Feb 13): VS Industry Bhd (KL:VS) said water filtration system maker NEP Holdings (M) Bhd has been placed under liquidation after the Court of Appeal dismissed NEP’s appeal against the High Court’s decision to dismiss their application for a stay of a winding up order. “Following this, NEP’s liquidators have obtained the certificate…
NCLT Mumbai Issues Insolvency Plea Notice To Future Enterprises Ltd BW Legal World Read the original article here
The Kerala High Court yesterday (on February 12), observed that during the Corporate Insolvency Resolution Process, initiation of cheque dishonour proceedings, due to the moratorium, is prohibited only against the corporate debtor and not against the persons referred under Section 141 of the Negotiable Instruments Act (N.I. Act). In other words, the accused persons in…
(Feb 13): EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation. The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as the matter is private.…
EFishery Cuts About 90% of Jobs as Potential Liquidation Looms Bloomberg Read the original article here
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant reforms to enhance liquidation outcomes under the Insolvency and Bankruptcy Code (IBC). With more companies being successfully resolved and a decline in liquidations, the regulator is focusing on improving realisation for claimants and streamlining the liquidation process. IBBI Chairman Ravi Mital, in the board’s…
Joann asks bankruptcy court for OK to liquidate, close over 500 locations Crain’s Cleveland Business Read the original article here
Genetic Technologies Considers DOCA Amid Voluntary Administration TipRanks Read the original article here
What happens now that Rex has entered voluntary administration? The Daily Aus Read the original article here
Yowie Baby Animal collectibles /credit: Yowie World Facebook/ Yowie’s largest shareholder Keybridge Capital appointed administrators on Monday (10 February), days after the Australia-based confectionery business demanded a loan repayment. In a… Read the original article here