Legal action against the operators of Walleys Quarry cannot proceed now that the business has entered liquidation. Newcastle-under-Lyme Borough Council was preparing legal action against Walleys Quarry Ltd for failing to properly control emissions from the landfill in Silverdale, in breach of a court-agreed Abatement Notice. But now that the site operator’s business is in…
It’s rare to see a company founded in the 17th century still operating today, but that was the case for the renowned Hudson’s Bay Company. Once a dominant force that governed what is now Canada for over 200 years, and one of the most legendary businesses in North America, it now finds itself on the…
Builder spent clients’ deposits on renovating his own house and race horses Stuff Read the original article here
NCLAT rejects EPFO’s belated ₹34.31 crore claim in Nirmal Lifestyle insolvency case | Image Source: Wikipedia (Representative) Mumbai: The National Company Law Appellate Tribunal (NCLAT) has rejected the appeal filed by the Regional Provident Fund Commissioner, Employees Provident Fund Organisation (EPFO), challenging the order passed by the NCLT-Mumbai. The NCLT had upheld the decision of…
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Australian popular fashion accessory brand Colette by Colette Hayman is shutting its doors for good, after years of financial struggles. From Thursday, the budget retailer’s stores across Australia were spotted holding flash clearance sales, with discounts of 60 to 80 per cent on all items. A sign outside the Colette store at Westfield Tea Tree…
A qualified Subchapter S subsidiary (QSub) is a subsidiary corporation 100% owned by an S corporation that has made a valid QSub election for that subsidiary. In addition to being 100% owned by an S corporation, a QSub must be a domestic corporation that otherwise qualifies to be an S corporation. When a parent S…
Insolvency Processes and Procedures: What you need to know and what to look out for in the current economic climate Elizabeth Taylor and Caroline Benfield, Directors of the Freeths Oxford Restructuring and Insolvency Team are delighted to invite you to their first in-person breakfast briefing. Please join us for a training session which will focus…
Highlights The Supreme Court of India has reaffirmed the importance of legal compliance in corporate insolvency proceedings by setting aside the resolution plan submitted by JSW Steel for Bhushan Power & Steel Limited, emphasising that commercial convenience cannot override statutory obligations. The judgment revealed significant procedural lapses and non-disclosures by JSW Steel, including the failure…
Company that helped revive seaside town in row with HMRC Birkenhead News Read the original article here