By Lukman Olabiyi Justice Dehinde Dipeolu of the Federal High Court, Lagos, has ordered a bank to pay the liquidator of Addy Finance & Investments Limited (in liquidation) the sums of N39,108,417 and $53,078.04, with pre-judgment interest at 20% and post-judgment interest at 10% per annum. The court,also directed the bank to deliver certified statements…
Venture Developments said it wasn’t paid for the work and took Realm Victoria to court. Realm Victoria claims to be in an “unresolved payment dispute” with Kāinga Ora – but Kāinga Ora maintains Realm Victoria Ltd has not raised any payment disputes. Realm Victoria shareholders and directors Kerry Hitchcock and his son Alex Hitchcock are…
A company’s liquidation value is something we don’t think many investors think about an ASX stock. Unless they invest in distressed companies, in which case they may only hear about it from the media. But we think even ordinary retail investors need to know about this concept even for companies in good times. And in…
Fishers Tours was a Dundee-based private hire coach company that provided short and long-distance travel in Scotland. The company employed 27 people and operated from Mid Craigie Industrial Estate with a fleet of 18 coaches. The liquidator said: “In recent months, the business has faced financial challenges amidst rising costs but operated with fixed price…
Directors of ‘The Best Singing Waiters’ agreed to go into liquidation on March 28 last year, but continued taking payments of over £44,000 from customers until May 08:40, 02 Jun 2025Updated 10:08, 02 Jun 2025 Frederick Reeves ran the firm(Image: Facebook/Jamie Reeves) A dodgy company took bookings from hopeful wedding couples even after it had…
Date published: 2 June 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company involved in transport services. The undertaking was received for seven years from Gary Buchanan (47) of Dunlade Road, Greysteel, Londonderry, in respect of his conduct as director of GAB Transport Ltd (“the…
The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it did not…
Is it the dark before the dawn for construction? thepost.co.nz Read the original article here
Reliance Infrastructure on Monday said it has made the full payment of Rs 92.68 crore to Dhursar Solar Power Pvt Ltd towards claims of tariff, making the initiation of insolvency proceedings infructuous. “The company has made full payment of Rs 92.68 crore to Dhursar Solar Power Private Limited, towards claim of tariff as per the…
Updated Jun 2, 2025 23:21 IST Reliance Infrastructure insolvency plea: The Mumbai bench of National Company Law Tribunal (NCLT) has admitted an insolvency plea against Anil Ambani-promoted Reliance Infrastructure Ltd. IDBI Trusteeship Services Ltd, on behalf of the operational creditors, had submitted an application under the corporate insolvency resolution process (CIRP) against Reliance Infrastructure. The…