The National Company Law Appellate Tribunal, Delhi held that when the Bankruptcy Trustee does not fulfil its statutory obligation under Section 138(1)(a) of the Insolvency and Bankruptcy Code, 2016, which requires the Trustee to apply for a discharge order after expiry of one year from the bankruptcy commencement date, the Bankrupt who is directly affected…
Solar Group collapse: Kiwibank owed almost $2m, IR almost $1m thepost.co.nz Read the original article here
Southampton-based print and signage firm Print Dimensions bought some of luxury print and packaging specialist Dayfold’s trade and assets after it went into liquidation, according to the company’s liquidators. According to Companies House, the listed directors of Print Dimensions are Daniel Rowdon and Ian Shenton, the latter appointed on 30 May 2025. Shenton is also…
Neville Walton wasn’t expecting forgiveness from the Australian Tax Office. Then the publican discovered a legal way that he could wipe a massive chunk of his historic hotel’s unpaid $350,000 tax bill, and keep himself pulling beers behind the bar. “I’m sure [anybody would] jump at that opportunity,” Mr Walton says. Mr Walton’s story highlights…
One of Liverpool’s longest-established PR and marketing agencies has gone into liquidation. Moore Media was founded in 2012 by award-winning entrepreneur Jayne Moore, specialising in waterfront regeneration, growth strategy, reputation management, crisis management, and integrating social value within ESG strategies. Last year the company employed 12 people but Moore said the integrated PR and marketing…
A Christchurch painting and maintenance contractor has gone into liquidation owing creditors an estimated $2.6 million. The collapse of Phil Clarke & Son Ltd has left staff out of pocket by about $100,000 in wages and holiday pay, while Inland Revenue (IRD) is owed $1.8m. The business was placed into liquidation on July 8 by…
Loch Lomond Seaplanes cancelled all its flights and issued a message on its website in April to confirm it had ceased trading. A pop-up message on the website, which is still available, states: “Please be advised that Loch Lomond Seaplanes has ceased trading. If you have tickets or a flight booked then someone will be in touch…
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Australian theatre production company David Venn Enterprises has collapsed with debts totaling $7.5 million, leaving dozens of cast and crew unpaid and sparking controversy over the launch of a new venture tied to the same producer. As reported by Sky News Australia, David Venn Enterprises, the firm behind Elvis: A Musical Revolution and Cruel Intentions:…
Ransomware and Data Extortion Attacks in Insolvency Scenarios FTI Consulting Read the original article here