The Bombay High Court held that the moratorium provision under Section 14 of the Insolvency and Bankruptcy Code, 2016 applies only to the Corporate Debtor and the natural persons are liable under Chapter XVII of the Negotiable Instruments Act, 1881 (NI Act). The Nagpur Bench held thus in a batch of Criminal Applications seeking to…
Sanctions Slow Down Biggest Liquidation in Ireland The €4 billion liquidation of two major Irish-based companies has hit a roadblock due to international sanctions. These companies, GTLK Europe and GTLK Europe Capital, were owned by a Russian state-controlled parent company. After Russia’s invasion of Ukraine, sanctions were imposed by governments around the world — including…
Former Modco boss hit by fine after 2023 collapse The West Australian Read the original article here
A troubled NSW coal mine has plunged into receivership and administration just months after it reopened following years of disuse. Dartbrook Mine, an underground thermal coal joint venture in the Hunter Valley, had sat empty since 2006 until it was revived at the end of last year. Its owner, ASX-listed Australian Pacific Coal, last month…
Sanctions hamper €4bn liquidation of Irish-based GTLK firms MSN Read the original article here
In a recent case, the Madras High Court directsed the official liquidator to value the building through ITCOT within 60 days while a dispute over the ownership of property arose during the liquidation process under company law. Sale notice dated 15.07.2012 was issued by the Official Liquidator for sale of six lots of property (Lot-A…
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Kate Moss‘ Cosmoss has officially filed to close all its operations. The skin care and wellness business, launched by the 51-year-old British supermodel in 2022, entered into liquidation proceedings on June 24, according to the company filing. Kate Moss‘ Cosmoss enters liquidation proceedings after just three years. Courtesy According to the filing, Cosmoss owed about…
CJ Freshway seeks buyers for MarketBoro as part of equity liquidation efforts – CHOSUNBIZ Chosunbiz Read the original article here
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