A fintech run by two east London gospel church preachers is to enter liquidation after racking up losses. Crosspay, which provided cross-border payment solutions for individuals and companies, has been instructed to be wound up by a court order, with Simons Muirhead Burton LLP appointed as liquidator. The court order followed a petition by creditor…
Sharvain Facades goes into voluntary administration MSN Read the original article here
Hudson’s Bay Company receives court extension on liquidation decision Global News Kingston Read the original article here
Pronto Joinery Ltd, in Horsford just outside Norwich, has ceased trading due to rising costs and reduced profit margins. The company employed 31 people and the decision to liquidate the business was also influenced by its owners’ desire to retire. Pronto Joinery in Dog Lane, Horsford, has entered liquidation after 50 years in business (Image: Google Maps) Pronto Joinery was…
A POPULAR annual Dorset festival has gone into liquidation and future events have been cancelled. Wilkswood Reggae Festival, which last year hosted its seventh event at Wilkswood Farm in Langton Matravers, will not return for 2025. Bosses blamed the “current financial position” of the company for the reason why it has been placed into voluntary…
Wilkswood Reggae Festival, which last year hosted its seventh event at Wilkswood Farm in Langton Matravers, will not return for 2025. Bosses blamed the “current financial position” of the company for the reason why it has been placed into voluntary liquidation. A statement from the festival said: “It is with deep regret that we must…
TALi Digital Partner Genius Enters Administration ShareCafe Read the original article here
Hudson’s Bay shoppers scramble for striped products as company seeks liquidation MSN Read the original article here
Reliance Capital Limited (RCL) has successfully exited insolvency after the implementation of its approved resolution plan, making it the first Non-Banking Financial Company-Core Investment Company (NBFC-CIC) to complete resolution under the Insolvency and Bankruptcy Code (IBC). The Reserve Bank of India (RBI) had superseded the company’s board and appointed Nageswara Rao Y as the administrator…
Since NCLT had the power to issue such an order under Section 7 of the law, the decision to admit CTPPL into CIRP was not without jurisdiction The National Company Law Tribunal, Mumbai bench partially granted Canara Bank’s interim plea concerning the CIRP of Carnival Techno Park Pt. Ltd (CTPPL). Although Canara Bank’s request to…