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STATE-backed development financial institution Bank Pembangunan Malaysia Berhad is facing a massive legal rebound after the majority shareholder of Aries Telecoms initiated a sweeping civil action seeking up to RM2 billion in damages over the controversial liquidation of the strategic infrastructure company. The high-stakes lawsuit, filed by Open Fibre Sdn Bhd in the Kuala Lumpur…
A “rusted on” Sunshine Coast business has gone into administration, ending four decades of trade. Beach Beat’s operating company, Purple Corridor Pty Ltd, was placed into voluntary administration on June 2, according to a notice lodged with the Australian Securities and Investments Commission (SASIC). The brand’s three stores, located at Caloundra, Coolum and Alexandra Headland,…
The Song Company to enter liquidation Limelight magazine Read the original article here
Belarus’s oldest tourism body liquidated after being gifted to state youth union belsat.eu Read the original article here
Photo By: Magnus D CC 2,0 (https://flic.kr/p/apVDyr) BERLIN (vip-booking) – Ireland’s largest independent ticketing company, Tickets.ie, has ceased trading and is expected to enter liquidation, prompting concerns among event organisers regarding outstanding ticket revenues. In a statement published on its website, Tickets.ie confirmed that it had ceased operations…
Financial services company previously ordered not to sack shareholder is now seeking to be wound up, High Court told Irish Independent Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
Introduction India’s insolvency framework has, since the enactment of the Insolvency and Bankruptcy Code in 2016, been a work in continuous progress. A decade of implementation has revealed structural gaps that courts, practitioners, and the Insolvency and Bankruptcy Board of India have long flagged for legislative intervention. Those structural gaps include: Delays in adjudication Ambiguity…