China's Shimao drops 15% after developer receives liquidation petition – Reuters
China’s Shimao drops 15% after developer receives liquidation petition Reuters Read the original article here
Family-run car dealer closes down at Christmas as 24 people lose jobs over festive period – Car Dealer Magazine
A family-run car dealer has closed down suddenly, leading to 24 staff members being made redundant just days before Christmas. Blackdown Motor Company has been selling cars across Somerset for more than 50 years but has now ceased trading after facing ‘extremely challenging conditions’. Records on Companies House show that an extraordinary resolution to wind…
Eviction of Tenant from Corporate Debtor’s Property Cannot be Sought Under u/s 60(5) of IBC
It was viewed that there has been no change of the tenancy rights of the Appellants by way of a contract and the law which is to operate in respect of termination of tenancy are the provisions of the Act and not the Code The New Delhi Bench of the National Company Law Appellate Tribunal…
Employee Claims and Ongoing Verification
Byju’s corporate insolvency resolution process (CIRP) disclosed important claims made by workers. These workers are demanding unpaid debts. Together, these workers—who are also operational creditors, have submitted claims totaling ₹177.5 crore. However, Pankaj Srivastava, is the selected dispute resolution professional (RP). He has only provisionally admitted a small portion of these claims₹32.56 crore. Breakdown of…
Revenue asks the High Court to wind up third company linked to troubled BlackBee investment group – MSN
Revenue asks the High Court to wind up third company linked to troubled BlackBee investment group MSN Read the original article here
Revenue seeks winding up of third company linked to Cork-based BlackBee group
Revenue is asking the High Court to wind up a third company that is linked to the troubled Cork-based BlackBee investment group. Mr Justice Oisín Quinn on Monday agreed to adjourn Revenue’s petition for four weeks after hearing that the Corporate Enforcement Authority (CEA) wants to file an affidavit in the case. No details of…
Young family left homeless after caravan company collapses – MSN
Young family left homeless after caravan company collapses MSN Read the original article here
Company behind Liverpool Hooters venue in liquidation
Exclusive: Records show Beauvoir Developments Ltd has agreed to be wound up The company behind the Liverpool Hooters restaurant has filed for liquidation. The venue in Water Street was closed today (Monday). The company behind Liverpool’s controversial Hooters restaurant has gone into liquidation. The controversial US-restaurant chain has been operating in Liverpool since a licence…
Failed companies behind home building firm owe about $2.5m – Stuff
Failed companies behind home building firm owe about $2.5m Stuff Read the original article here
Dentons’ Vancouver Restructuring, Insolvency and Bankruptcy group navigates complex financial challenges
With business insolvencies on the rise across the province, Dentons’ Vancouver Restructuring, Insolvency and Bankruptcy group is also expanding, adding material strength and expertise VANCOUVER, B.C., January 13, 2025 — Amid mounting economic pressures, including changing interest rates, persistent inflation and significant corporate debt maturing in 2025, Vancouver’s business community faces rising restructuring and insolvency challenges.…