When Mahindra Group, India‘s automotive giant, entered the Australian aircraft manufacturing business in 2009, it seemed like an ambitious but logical diversification. The company acquired GippsAero (Gippsland Aeronautics) and Aerostaff Australia, planning to manufacture 8- and 10-seater planes for the global market. But what followed was 15 years of mounting losses, production shutdowns, and ultimately,…
Trapped profits tax: What Israelis need to know | The Jerusalem Post Jerusalem Post/Business & Innovation/Banking & Finance This opportunity to reorganize by full or partial liquidation expires soon. But these rules are not the greatest thing since sliced bread. Income Tax and Property Tax Department at the Finance Ministry (photo credit: OLIVER FITOUSSI/FLASH90) ByLEON…
A Christchurch retailer has failed to survive a crowded shoe market, resulting in debts to creditors of more than $600,000, including outstanding wages and holiday pay for staff. Street Legal Shoes Limited has operated four retail stores in Christchurch, as well as Rangiora and Dunedin, and an online site since starting the footwear business in…
Radhagobind Commercial Limited Faces Insolvency Proceedings as NCLT Admits Petition scanx.trade Read the original article here
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
Winsome Yarns Reports Rs 1,730 Lakh Loss Amid Ongoing Corporate Insolvency Resolution Process scanx.trade Read the original article here
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Lifebrandz Ltd. ( (SG:1D3) ) just unveiled an announcement. Autagco Ltd., a company incorporated in Singapore, is undergoing a voluntary liquidation process for its subsidiaries Superfood Kitchen…
Kenny’s Music, which set up shop in 2008, which sold the likes of guitars and instrument accessories, has ceased trading and entered into what is called creditors’ voluntary liquidation. The retailer had an online store which is no longer available to visit and physical shops in Glasgow, Dunfermline and Aberdeen – all of which are…
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, set aside an order of the National Company Law Tribunal (NCLT), Mumbai Bench, and remanded the matter back, citing a violation of the principles of natural justice. The appeal was preferred by Mehul Harish Gosar against the NCLT, Mumbai Bench’s order dated…
REVEALED: Liquidator appointments for businesses in the Dorset council area for October 30 The Mercury Read the original article here