Two subsidiaries of a major Hong Kong construction firm have been sued by a subcontractor for compensation of more than HK$9.5 million (US$1.2 million) after the parent company proceeded with winding-up proceedings. Paul Y Construction Co and Paul Y General Contractors – two subsidiaries of Paul Y Engineering Group – were allegedly indebted to Mankey…
SDAI Limited Provides Update on Subsidiary’s Liquidation Status TipRanks Read the original article here
GHW International Restores Public Float Following Shareholder Liquidation TipRanks Read the original article here
MicroStrategy is down over 55% from peak, fueling forced liquidation concerns MSN Read the original article here
Alma Juventus Fano officially ceases its competitive activity and will therefore face definitive exclusion from the championship of Excellence at the fourth match in which he will not show up. The president and administrator of the company Salvatore Guida announced that “Alma has been placed into liquidation by a trusted professional firm and will sadly…
In a bid to equip Ghanaian businesses with essential legal knowledge for navigating corporate growth and financial uncertainty, the book Companies, Corporate Insolvency and Restructuring in Ghana: The Law and Practice (Volume 1) has been officially launched. Authored by Ace Anan Akomah et al., the book—also known as the Blue Book—serves as a comprehensive guide…
This led to the appeal before NCLAT. The NCLAT arrived at the following conclusions: Invalid Authorization: The tribunal found that Manohar Maddili, who filed the application on behalf of IDBI, did not hold a valid power of attorney at the time of filing. The authority granted to him had been superseded by a subsequent resolution…
When this approval is sought is important, as a balance must be maintained between the CCI’s review of competition dynamics and the time-sensitive insolvency process. Also Read: There’s no arguing with the broad thrust of CCI’s order on WhatsApp’s use of data Recently, the Supreme Court in the case of Independent Sugar Corporation Ltd vs…
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the National Company Law Tribunal (NCLT) that allowed corporate insolvency resolution process (CIRP) against Coffee Day Enterprises Ltd (CDEL), the operator of the Cafe Coffee Day chain. A two-judge panel of the Chennai bench of the NCLAT, comprising Judicial Member Justice Sharad…
NCLAT Sets Aside Insolvency Process Against Cafe Coffee Day’s Parent Company Moneylife Read the original article here