The National Company Law Appellate Tribunal (NCLAT) , principal bench, New Delhi has dismissed an appeal challenging the rejection of a Section 9 application filed under the Insolvency and Bankruptcy Code (IBC), holding that the statutory requirement of serving a Section 8 demand notice on the corporate debtor was not fulfilled. The appellant had filed…
Darlington-headquartered restructuring and insolvency practice Business Rescue Expert has expanded into the North West with the launch of a new Manchester operation, appointing Kevin Pinkerton as managing director. Kevin joins after 23 years as a restructuring and insolvency lawyer, most recently serving as national head of the practice at Freeths. A qualified insolvency practitioner, he…
Yume Food Australia has entered liquidation and launched a sale of its business amid pressures on its operating capital. Founded in 2015, Yume Food operates a digital trading platform that enables food manufacturers to sell surplus products. The platform generates additional revenue for manufacturers by reducing food disposal, while also streamlining the process for donating…
Repeat offender dog daycare owner fined $100k, liquidates company Stuff Read the original article here
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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The National Company Law Appellate Tribunal (NCLAT), Chennai, has upheld an order of the Kochi Bench of the National Company Law Tribunal (NCLT) directing two suspended directors of. to jointly and severally repay ₹1.20 crore to the liquidation estate on finding that they fraudulently diverted the said amount via unauthorised accounts. The liquidation proceedings arose…
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed appeals filed by UCO Bank challenging the rejection of its claim in the Corporate Insolvency Resolution Process (CIRP) and the subsequent approval of the resolution plan. The Tribunal ruled that loans sanctioned by UCO Bank to homebuyers under Tripartite Agreements did not…
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