Scottish property rental company placed into liquidation

Welcome Homes (Scotland) Limited was founded in 2005 and was registered to an address in Charlotte Square in the Scottish capital. MVL Online was appointed liquidator after a resolution was passed that “the company be wound up voluntarily”. It added that it was agreed that Lee De’ath, of MVL Online, be appointed as liquidator “for the purposes of such…

Mere Allegations of Collusion & Related Party Transactions Insufficient to Establish Fraudulent CIRP Initiation: NCLT Rejects Director’s Plea [Read Order]

The National Company Law Tribunal (NCLT) Chandigarh Bench held that mere suspicion and unsubstantiated assertions cannot establish fraudulent initiation of Corporate Insolvency Resolution Process (CIRP) under Section 65 of the Insolvency and Bankruptcy Code, 2016 (IBC) and rejected plea of director. The application was filed by Dr. Vijay Vohra, a director and shareholder of A.P.J.…

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K Wave Media (KWM) Stock Drops After Liquidating Entire 88 BTC Bitcoin Position

Key Highlights KWM stock declined in pre-market hours following the complete liquidation of 88 BTC to service outstanding debt obligations. The entertainment company terminated its Bitcoin treasury strategy in under twelve months. Available financing capacity has been reallocated toward artificial intelligence infrastructure investments. KWM plans to divest Play Co. subsidiary while pursuing debt reduction initiatives.…

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