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VV Season, founded in 2020, sold “luxury” streetwear online and developed a following of more than 17,000 across Instagram and Facebook. A notice published on September 7 revealed that liquidators were appointed on August 27. Within months of launching, the brand was already attracting high-profile fans, including professional footballer Dion Sanderson, now with Derby County,…
VV Season, founded in 2020, sold “luxury” streetwear online and developed a following of more than 17,000 across Instagram and Facebook. A notice published on September 7 revealed that liquidators were appointed on August 27. Within months of launching, the brand was already attracting high-profile fans, including professional footballer Dion Sanderson, now with Derby County,…
Article 54 of the Company Law establishes the general rule for accelerating shareholder capital contributions, empowering companies or creditors with matured claims to demand early payment of unpaid subscribed capital “when a company fails to discharge matured debts”. In practice, defining a company’s inability to pay matured debts has become the central point of contention…
109 By John Azu Following a court order approving the provisional liquidation of NICON Insurance Limited after the company lost its operating licence for failing to meet recapitalisation requirements, the appointed Receiver/Provisional Liquidator, Chukwuma Machukwu-Ume (SAN), has issued a public notice. The notice is part of the process of safeguarding the assets and properties of…
A Decade of India’s Corporate Bankruptcy Law: Trusted and Resilient International Banker Read the original article here
In brief Thousands of Australian construction companies collapsed in the last financial year. They made up a quarter of all insolvencies nationally, despite ongoing demand for new homes. Across Australia, thousands of people are waiting to find out if their homes will be built, after several separate construction company collapses. By far the biggest of…
Pembroke Motor Services Limited, known as PMS, has appointed liquidators in accordance with section 109 of the 1986 insolvency act. The motor dealership, registered at Salutation Square, Haverfordwest, was listed in the London Gazette, the official public record, as appointing liquidators on August 28 2026. However, the listing was not published until 2.30pm on September…
New Delhi, Appellate tribunal NCLAT on Monday allowed closure of the Corporate Insolvency Resolution Process (CIRP) against Shalfeyo Industries Pvt Ltd on account of the settlement of all creditors’ claims. A three-member bench held that all creditors’ claims stood settled or were in the process of being settled. The bench noted that Shalfeyo Industries’ suspended…
SYDNEY – Sydney property developer Bathla Group’s collapse has left thousands of Australian home buyers – who have paid deposits and are waiting for their off-the-plan homes to be built – in limbo. Those caught up in Bathla’s crisis face a patchwork of outcomes. They could potentially get their deposits back or eventually receive the…