Category Archives: Liquidation

Key information relating to payment of liquidation dividend and information about the liquidation balance sheet — TradingView News

Reference is made to the extraordinary general meeting in Philly Shipyard ASA(under liquidation) (the “Company”) on 19 February 2025 where the generalmeeting resolved to liquidate the Company. The Company’s board of directorshasin accordance with the Norwegian Public Limited Liability Companies Actsection16-9 resolved to distribute a liquidation dividend to its shareholders. Key information relating to the…

Supercare Dental and Cosmetics patients left with missing teeth and superannuation after clinics collapse

Melinda Amourous was slowly losing her top teeth and struggling with self-confidence when she visited a Supercare Dental and Cosmetics clinic in 2022. It offered what seemed like the ideal solution: a full mouth of dental implants, giving her the perfect smile. The cost was $48,000, but they reassured her they would help the single…

HSF Kramer Bankruptcy & Restructuring Group Global reach, local knowledge | Herbert Smith Freehills Kramer

Debtors and creditors have options when choosing where to pursue a restructuring – particularly with operations across jurisdictions and debt instruments issued under different laws. Local knowledge is key to navigate those options and understand the pros and cons associated with each forum. Combining the capabilities and network of our firms, we now cover the…

Aakash moves NCLT to implead EY, alleges conflict in Byju’s petition – Industry News

In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed by Byju’s under Sections 241 and 242 of the Companies Act, alleging oppression and mismanagement, or include Ernst & Young (EY) LLP and…

NCLT admits insolvency plea against Anil Ambani’s Reliance Infra after…; share falls over…

The Amabni-led firm claimed that there is no impact or bearing of the NCLT order on the company or any of its subsidiaries. Anil Ambani, Reliance Group chairman, has received a piece of bad news as the NCLT admitted an insolvency plea against his Reliance Infrastructure Ltd. The move came after a plea was submitted…

Vinyl Me, Please Shuts Down: What’s Next for Customers Amid Liquidation?

Since its establishment in 2012, Vinyl Me, Please has been a source of exclusive, limited-edition vinyl records for its members, who pay up to $654 annually for a premium membership, according to a report by John Wenzel of The Denver Post last month. The report discusses a recent turbulent period that began with the March…

Court voids over R2.2m in payments during Wheatcor’s liquidation proceedings

In a significant judgment of Muller N.O. and Another v Cultigrain (Pty) Ltd [2025], delivered by the Western Cape High Court on 17 March 2025, the legal consequences of asset dispositions made after the commencement of winding-up proceedings came under scrutiny. Image source: Christos Georghiou from Freepik In this particular case, Wheatcor, the company in…

IBBI Notifies Extension of Time for Filing Forms to Monitor Voluntary Liquidation Processes under IBC [Read Circular]

The Insolvency and Bankruptcy Board of India ( IBBI ) notified Vide Circular No. IBBI/LIQ/74/2024 dated 28.06.2024  extended the time for filing Forms to monitor voluntary liquidation processes under the Insolvency and Bankruptcy Code ( IBC ), 2016. The liquidators were directed to file forms relating to the voluntary liquidation latest by 30.09.2024. Voluntary liquidation…