The courts are generally reluctant to interfere with the outcomes of creditors’ meetings at which resolutions are voted on and passed. After all, such resolutions are decided and voted on by the creditors, thereby representing the wants of the majority. In the case of Zipmex Pte v Zipmex Asia Pte and another and another matter…
Popular hospitality group All Are Welcome owes almost a quarter of a million dollars in superannuation to its current and former employees, with many staff feeling worried and concerned they won’t see the money they are owed. The Insta-famous bakery — with locations in Melbourne’s Northcote, Thornbury and East Ivanhoe — entered voluntary administration in…
In an attempt to repay part of his debts, Cross has entered into an Individual Voluntary Arrangement, a legally binding agreement where he has committed to making regular payments to an insolvency practitioner. Rob Cross Darts Limited was set up in May 2017 for the darts player to receive his earnings and prize money, the…
High Court Judge Francis Gikonyo has ordered the liquidation of Redhouse Group, a Kenyan marketing communications firm, after failed attempts to rescue the company from insolvency. The judge appointed an official receiver as provisional liquidator following a report from the court-appointed administrator who declared efforts to revive the company unsuccessful. The administrator had been in…
Liquidation of struggling electrolyser maker McPhy delayed to allow it more time to find a buyer Hydrogen Insight Read the original article here
Louis Leonard Gerber and Matthew Wright, from court-appointed liquidators Leonard Curtis, are winding up the affairs of Hurel Ltd, the company which RG Falla became shortly before it was placed into liquidation in March 2023. They have taken their case to the Royal Court, claiming that the defendants failed in one or more of their…
CCIC Singapore forced into liquidation and staff cuts after US sanctions freeze bank accounts The Online Citizen Read the original article here
Popular yogurt and dairy brands toppled by milk shortage The West Australian Read the original article here
Mama Rocks – Burger Kitchen Limited, a Nairobi-based gourmet burger chain, is facing possible liquidation following a petition filed by one of its co-founders, Samantha Amimo Mwedekeli. Court filings reveal that Mwedekeli submitted a petition for the company’s winding up on October 16, 2024 with the hearing now scheduled for 12th June. On the same…
NCLAT upholds insolvency proceedings against Jaypee Cement Corporation Prop News Time Read the original article here