TONY HETHERINGTON: Gallery that had two disqualified directors on its staff is wound up – MSN
TONY HETHERINGTON: Gallery that had two disqualified directors on its staff is wound up MSN Read the original article here
Majority’s Consideration Of Debt Restructuring With Corporate Debtor Does Not Bar Individual Member From Filing Petition U/S 7 Of IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) that the fact that a majority of consortium lenders are considering debt restructuring with the Corporate Debtor does not preclude an individual member from independently initiating insolvency proceedings under Section 7 of the…
Major brand Ally Fashion could owe as much as $58m after collapse
A major Australian retail chain that was ordered into liquidation could have racked up a massive amount of debt — amounting to $58 million – as a court case launched by the company’s owner was recently thrown out. News.com.au broke the news of Ally Fashion’s demise when it was ordered to be wound up by…
PIC Scrambles For R500m To Save Daybreak Foods From Liquidation – MSN
PIC Scrambles For R500m To Save Daybreak Foods From Liquidation MSN Read the original article here
PIC Scrambles For R500m To Save Daybreak Foods From Liquidation – MSN
PIC Scrambles For R500m To Save Daybreak Foods From Liquidation MSN Read the original article here
R500m Needed to Rescue Daybreak Foods from Collapse
The Public Investment Corporation (PIC) is in a frantic last-minute effort to secure R500 million in funding to prevent the collapse of struggling poultry producer Daybreak Foods, reported the Sunday Times. Without the cash injection by Friday, the company faces liquidation, putting 3,400 jobs at risk. Failed Funding Plea The PIC sought emergency funding from…
Beloved Retail Store Makes Major Announcement After Bankruptcy – Men's Journal
Beloved Retail Store Makes Major Announcement After Bankruptcy Men’s Journal Read the original article here
Dubai court orders liquidation of firm after creditors fi…
The Dubai Commercial Court has ordered the liquidation of a company operating in the building materials trade, appointing a legal administrator to oversee the process and inventory assets, settle liabilities, and distribute any remaining funds or movable assets to creditors. The decision came after a creditor filed a claim of Dhs3.7 million against the company,…
Bollinger Motors circles the drain as court cases, debts pull it down
A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million. Bollinger Motors first came to fame in the “draw a truck, get a billion dollars” stage of the EV revolution that…
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