Their final liquidators’ report was released at the end of last month. Preferential, secured and unsecured creditors combined claimed $4,795,715. The total distributed to creditors was $341,898 – $32,340 to preferential creditors and the rest to secured creditors. The largest creditor was UDC Finance, which claimed $2.875m as a secured creditor. It recovered $231,533, or…
REVEALED: Latest business liquidations in Gwydir The Daily Telegraph Read the original article here
Their final liquidators’ report was released at the end of last month. Preferential, secured and unsecured creditors combined claimed $4,795,715. The total distributed to creditors was $341,898 – $32,340 to preferential creditors and the rest to secured creditors. The largest creditor was UDC Finance, which claimed $2.875m as a secured creditor. It recovered $231,533, or…
Hip hop legend LL Cool J once implored us to not call his return to form a comeback. He reasoned, not incorrectly, that he had been here for years and during that entire time he had been rocking his peers. Well, the same can’t be said about the all-you can eat soup and salad buffet…
Hip hop legend LL Cool J once implored us to not call his return to form a comeback. He reasoned, not incorrectly, that he had been here for years and during that entire time he had been rocking his peers. Well, the same can’t be said about the all-you can eat soup and salad buffet…
JKM Transport Solutions Ltd, based in Armadale, appointed administrators on June 29. The news was published in the Edinburgh Gazette on Friday, with Companies House data also confirming the business has filed for insolvency. READ MORE: Protestors block busy Glasgow road after alleged sexual assault in the area George Lafferty, of BTG Begbies Traynor (Central)…
JKM Transport Solutions Ltd, a family-run haulage and freight company based in West Lothian, Scotland, has entered liquidation (Image: Getty) A family-run UK haulage and freight firm has collapsed into liquidation in yet another significant blow to the UK transport industry following conflicts in the Middle East. JKM Transport Solutions Ltd appointed administrators on June…
The National Company Law Tribunal (NCLT), New Delhi Bench has held that the pendency of proceedings before the Real Estate Regulatory Authority (RERA) and delays allegedly caused by lack of external infrastructure cannot be used as a defence to defeat an insolvency petition filed by allottees under Section 7 of the Insolvency and Bankruptcy Code,…
The National Company Law Tribunal (NCLT) New Delhi Bench admitted a Section 7 application filed by homebuyers after finding that the developer’s failure to hand over possession within the promised timeline constituted a financial default warranting initiation of the Corporate Insolvency Resolution Process (CIRP). The petition was filed by 176 allottees of a real estate…
Zen Energy put into administration just days after regulatory approvals for sale and transfer Renew Economy Read the original article here