Customers have been left out of pocket after a popular independent bike shop in the south of England ceased trading. Primera Sports, a family-run business in Bournemouth, closed suddenly last week after 34 years, with customers told their orders would not be fulfilled. When Cycling Weekly contacted Primera for comment, it received an automatic response…
Subhash Chandra: proposed 99.972% haircut, now stayed Claims: ₹22,006.57 crore | Proposed creditor payment: ₹6.25 crore Subhash Chandra’s case concerns his personal guarantees for loans taken by Essel Group companies, not the insolvency of a corporate borrower. His repayment plan proposed ₹6.25 crore for creditors and ₹25 lakh towards insolvency-process costs. The creditor payout amounted…
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The National Company Law Tribunal (NCLT), Chennai, has dismissed an insolvency petition seeking recovery of approximately ₹3.11 crore as an outcome-based professional fee for services rendered in GST proceedings. The Tribunal held that substantial disputes existed over the entitlement, enforceability and legal permissibility of the success-fee arrangement before the statutory insolvency demand notice was issued.…
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The Milimani High Court has certified as urgent a case challenging the liquidation of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) amid concerns over members’ funds. According to court documents obtained by Kenyans.co.ke, the application was filed under a certificate of urgency and will be heard during the court recess following directions issued…
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