One of the laid off workers described how the news was delivered, speaking to N1: Today they handed us our layoff notices. It says the company is being liquidated, that we have the right to register with the National Employment Service, and that if we want severance pay or payment for unused vacation days, we…
Fri, September 25, 2026 at 5:52 AM UTC The wine company has plunged into liquidation -Credit:Reach Publishing Services Limited A UK wine retailer has plunged into liquidation after over a decade in business. The company, Novel Wines, was known for its unusual European bottles for those looking for alternatives to popular wines. The business was…
Bluesfest’s touring arm has entered liquidation, six months after the collapse of the companies behind the Byron Bay music festival. Its liquidator says creditors are unlikely to see a return. Bluesfest Tours Pty Ltd entered creditors’ voluntary liquidation on September 24, according to an ASIC notice, with Worrells principal Jason Bettles appointed as liquidator. Bluesfest…
Former employees of a liquidated uPVC window and door supplier have won an employment tribunal case over a failure to consult them before they were made redundant. The 65 ex-staff members of ERV Group, which traded as Evoframes, won the case, which claimed that the company failed to comply with section 188 of the Trade…
‘The brand can thrive’: Peterborough company trading since 1973 changes hands as previous owner enters liquidation Peterborough Telegraph Read the original article here
(Sept 25): Corporate failure is usually discussed as a problem for shareholders, lenders and suppliers. For employees, it becomes a household crisis when the next salary does not arrive. Rent, food, loan repayments and transport costs do not wait for a liquidator to determine the order of claims. Malaysia recorded 10,370 compulsory company winding-up cases from…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) said that a liquidator of a company can recover possession of a corporate debtor‘s assets from occupants directly through the NCLT, without resorting to rent-control proceedings. A two-member bench of the appellate tribunal has dismissed appeals by two Ludhiana-based firms — Duke Fashions and UV&W Products…
The Mumbai Bench of the National Company Law Appellate Tribunal (NCLAT) directed the National Company Law Tribunal (NCLT) to consider a third party intervention plea for alleged collusion between the financial creditor and the corporate debtor in a Section 7 insolvency proceedings. Sant Eknath Co-operative Sugar Factory Ltd. was not a party to the Section…
Popular Thai chain saved from $1.5m debt collapse Gold Coast Bulletin Read the original article here
‘A rare opportunity’: $2.2m property, 700 hives and 25 tonnes of honey hits the market in liquidation sale The Press Read the original article here