Yurtel was one of a number of campsites local to the Worthy Farm site – (Getty Images) Glastonbury-bound glampers have been left ticketless after spending thousands of pounds with a luxury yurt company that is now in liquidation. Yurtel, a glamping provider based in Corsham, ceased trading on 8 May, just weeks before music fans…
Mumbai:JSW Steel Ltd expects to be compensated adequately if Bhushan Power & Steel Ltd (BPSL) goes into liquidation after the Supreme Courtscrapped its resolution plan for the bankrupt company. The steelmaker said its agreement with the erstwhile creditors of Bhushan Power entitled it to compensation covering the value of the assets on its balance sheet…
Mumbai: Dunar Foods Ltd, an accused in the 2016 NSEL scam case involving alleged cheating and siphoning of funds, has been discharged from criminal proceedings. The court’s decision was based on Section 32A of the Insolvency and Bankruptcy Code (IBC), which grants immunity to corporate debtors once a resolution plan is approved and management changes…
Lucapa Diamond Company in voluntary administration businessnews.com.au Read the original article here
Last year, the U.S. Supreme Court struck down the use of nonconsensual third-party releases in Chapter 11 reorganization plans as not authorized under the Bankruptcy Code.1 While the Harrington v. Purdue Pharma decision involved mass tort liability, the broader curtailment of third-party releases in all contexts should cause directors and officers to reevaluate their personal liability exposure…
In this era of globalisation, international trade has significantly increased, where companies have business in multiple jurisdictions. One of the aspects of globalisation is companies falling into insolvency, which leads to overlapping and conflicts of law between countries, creating chaos for the stakeholders. The purpose of the Model Law is to eradicate the impediments and…
Glastonbury glampers have been left ticketless and thousands of pounds out of pocket after a Wiltshire-based yurt company went bust. Yurtel, a glamping firm based in Corsham, ceased trading on May 8, less than seven weeks before the festival gets underway. The company had offered hospitality tickets and accommodation packages that ranged from £10,000 for…
Glastonbury glampers have been left ticketless and thousands of pounds out of pocket after a luxury yurt company that offered packages worth up to £16,000 went bust. Yurtel, a glamping firm based in Corsham, Wiltshire, ceased trading on May 8, just weeks before the festival is due to start. The company offered hospitality tickets and…
‘Devastated’: Featherston burger favourite goes into liquidation thepost.co.nz Read the original article here
‘He would ghost us’: Modular homes builder in liquidation owing $1m The Press Read the original article here