Paul Y. Engineering, a contractor with a history spanning 78 years in the city, is reportedly encountering financial difficulties. The High Court on Monday ordered the winding up of its parent company along with a related firm after submitting a liquidation petition earlier. The concerned companies are “Paul Y. Engineering Group Limited” and…
An F45 franchisee says the business has been hit hard by the pandemic, the recession, and new competitors. A company behind three F45 gym franchises in Auckland has been tipped into liquidation. K E M Holdings Ltd, which is owned and directed by Kate McEntee, appointed Victoria Toon from Corporate Restructuring as liquidator on March…
Photo: RNZ / Cole Eastham-Farrelly Sixty schools around the motu have been left without a tuck shop provider after the Libelle Group went into liquidation two weeks ago. Libelle was contracted to Compass, the government supplier for the scheme that has been plagued with issues since its relaunch this term. While some kura are exploring…
The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan. PTI Last Updated : 30 March 2025, 07:09 IST Follow Us : Comments Read the original article here
Irish corporate insolvencies fell 14 per cent in the first quarter of this year to a total of 192 liquidations, receiverships, examinerships and small company administrative rescue processes (Scarps), continuing a drop-off seen in the latter part of 2024, according to PwC. For last year as a whole insolvencies rose 16 per cent to 852,…
Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential. In January, Seeka joined court proceedings against Olivado. Franks today said aspects of the case had been “disappointing” but any…
Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential. In January, Seeka joined court proceedings against Olivado. Franks today said aspects of the case had been “disappointing” but any…
Hudson’s Bay, Canada’s oldest company, started its liquidation this week. “The Bay building is almost 100 years old, it’s Class A heritage, and I think it’s an incredibly important building to the downtown,” said Vancouver Coun. Mike Klassen. While the Bay initially filed for creditor protection with the intention of restructuring, the majority of its stores…
Cannabis firm insolvent after failing to pay staffer for two years of work The Post Read the original article here
The National Company Law Tribunal (NCLT) Mumbai bench of Shri Anil Raj Chellan (Judicial Member) and Shri K. R. Saji Kumar (Technical Member) while disallowing the Liquidator’s application for the private sale of the Corporate Debtor’s assets, it was held that the Liquidator must not restrict the private sale to a single buyer but should…