Last days at Hudson’s Bay: Empty shelves and bargain hunters – Times Colonist
Last days at Hudson’s Bay: Empty shelves and bargain hunters Times Colonist Read the original article here
Key company in Bernard McNamara property empire in liquidation with €21.5m deficit
A lynchpin construction company of the Celtic Tiger-era property magnate Bernard McNamara has gone into liquidation with multi-million euro debts. A creditors’ meeting for MB McNamara Construction was held this morning at the Grand Canal Hotel on Grand Canal Street Upper. Myles Kirby, founding partner of the accountancy firm Kirby Healy, has been…
Drum maker Greif Nigeria settles obligations, plans final company meeting ahead of dissolution – Nairametrics
Drum maker Greif Nigeria settles obligations, plans final company meeting ahead of dissolution Nairametrics Read the original article here
MCA-21 V3 Brings Game-Changing Updates for Corporate Compliance
The Ministry of Corporate Affairs (MCA) is set to introduce significant changes to the annual filing system with the launch of MCA-21 V3 portal. These comprehensive updates will revolutionize how companies handle their annual compliance requirements, introducing new forms, enhanced functionalities, and streamlined processes. Introduction of Five New Annual Filing Forms …
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged Ghanaian businesses to seek restructuring and insolvency services in times of temporary financial difficulty to avert liquidation. “I want to strongly urge SMEs, state-owned enterprises and even large corporations to seek restructuring support at the first sign of distress and not…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
IBBI Notifies Key Amendments to Streamline Corporate Insolvency Process
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. Among the significant change introduced is a provision for allowing resolution professionals with the Committee of Creditor’s (CoC) approval, to invite…
Firewood supply company’s assets to be sold following liquidation – Insider Media Ltd
Firewood supply company’s assets to be sold following liquidation Insider Media Ltd Read the original article here
NCLAT Upholds Insolvency Proceedings Against Debt-Ridden Jaypee Cement Corporation, ET RealEstate
NEW DELHI: The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it…
IBBI chairperson sheds light on IBC’s benefits | India
Ravi Mittal, chairperson of the Insolvency and Bankruptcy Board of India (IBBI), has lauded the positive results following the implementation of the Insolvency and Bankruptcy Code, 2016 (IBC), including rescuing distressed businesses and improvements in creditors recovering debt. In addition, the IBC had an amplified positive economic effect that led to revitalising the credit market,…