Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited and Prax Terminals Killingholme Limited in Liquidation: information for customers, suppliers, creditors and sub-contractors

Liquidation

Following an application made by the Official Receiver, the court has also appointed Matthew Callaghan, Andrew Johnson, Joanne Hewitt-Schembri and Samuel Ballinger of FTI Consulting LLP as Special Managers of the companies. The Special Managers have been appointed to assist the Official Receiver with the liquidations.  The Official Receiver will wind-up the companies in accordance…

Brisbane-based XL Express calls in voluntary administrators

Liquidation

XL Express has brought in voluntary administrators after 35 years in business. Image: XL Express XL Express, which operates a large independent logistics network around Australia, has brought in voluntary administrators after 35 years in business. XL Express appointed FTI Consulting to conduct an “urgent assessment” of the company’s viability, which also includes…

Dissolved company investigations – GOV.UK

Liquidation

A company can be dissolved for different reasons. It might be voluntarily dissolved by its directors when it is not required any more (even if the company is insolvent) or by Companies House if they believe the company is not carrying on business or in operation. If a company has entered into formal insolvency proceedings…

Renewable fuel company folds owing nearly $3.5m

Liquidation

Christchurch-registered renewable fuel company NXT Fuels has folded owing nearly $3.5 million after shareholders refused to prop up another loss. The company was formed in October 2005, developing projects converting initially algae and then biomass feed stocks into bio-energy and carbon efficient products. Shareholders who had supported the company to continue operating finally had enough…

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Liquidation

Access Denied You don’t have permission to access “http://www.business-standard.com/markets/arss-infrastructure-projects-ltd-share-price-29368/announcements/bse-exchange-47527443” on this server. Reference #18.8f58d617.1751244833.172bfc82 https://errors.edgesuite.net/18.8f58d617.1751244833.172bfc82 Read the original article here

Liquidation Of Corporate Debtor Can Be Ordered If Successful Resolution Applicant Cannot Obtain Necessary Approvals Within One Year: NCLAT

Liquidation

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that when a successful resolution applicant fails to obtain all necessary approvals within one year from the date of approval of the resolution plan— as mandated…