Category Archives: Liquidation

Can corporate debtors avoid regulatory actions during moratoriums? Legal experts weigh in, ET LegalWorld

Highlights The Supreme Court ruled that the interim moratorium under Section 96 of the Insolvency & Bankruptcy Code, 2016, does not protect corporate debtors from penalties under the Consumer Protection Act, 1986, emphasizing the importance of consumer protection regulations during insolvency proceedings. Legal experts clarified that the moratorium applicable to corporate debtors under Section 14…

Clergerie placed in liquidation as going concern

Translated by Nicola Mira Published March 12, 2025 … Read the original article here

Clergerie placed in liquidation as going concern

Translated by Nicola Mira Published March 12, 2025 … Read the original article here

St Giles Centre in Elgin firm applies to court for liquidation

Liquidators are set to be called in to wind up the firm behind the now-closed St Giles Centre in Elgin. Official records confirm that the St Giles Shopping Centre Limited’s sole director, 82-year-old Aviemore businessman David Cameron, applied to have the company wound up on February 28. Liquidators have been called in to the St…

Nine Walleys Quarry staff laid off following company’s collapse | Local News | News | Stoke Nub News

All nine employees at Walleys Quarry landfill site have been laid off following the collapse of its operator. Walleys Quarry Ltd (WQL) entered voluntary liquidation last month, three months after the controversial Silverdale landfill site was issued with a closure notice. Michael Denny and Jonathan Marston, both of Brighton-based Alvarez & Marsal Europe LLP, have…

Live Reporting | 10th NLIU Trilegal Summit

Since its inception, the National Law Institute University’s Centre for Business and Commercial Laws(CBCL), has been recognised as a “Centre of Excellence”. Constituted in 2008, the Centre is dedicated to fostering research and promoting awareness of Indian business and commercial laws. The flagship event of CBCL, the NLIU-Trilegal Summit on Corporate and Commercial Laws, is…

Penalties U/S 65 Of IBC Can Be Imposed Against Those Who Fraudulently Initiate Insolvency Process: NCLAT

Brief Facts The present appeal arises from an order passed by the National Company Law Tribunal (NCLT), New Delhi. The dispute is regarding an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), filed by M/s Acute Daily Media Pt. Ltd. and others claiming to be the financial creditors of M/s Sharp…

The Orchard in Penrith enters Voluntary Administration amid ‘challenging market conditions’

A popular dining destination has been placed into voluntary administration as it battles with the cost-of-living crisis. The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago. Dubbed “Western Sydney’s most memorable venue”, the site has been the backdrop for many weddings and special events. However, “a period…