One year on from the Corporate Insolvency and Governance Act 2020 – Ashurst
One year on from the Corporate Insolvency and Governance Act 2020 Ashurst Read the original article here
Adjudicating Authority Can’t Presume Applicability Of Interest On Principal Amount In Absence Of Express Agreement Between Parties: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that while deciding an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (Code), the Adjudicating Authority cannot presume the applicability of interest based…
Infinite directors may face scrutiny as rescuers circle – The West Australian
Infinite directors may face scrutiny as rescuers circle The West Australian Read the original article here
Twiga Foods Acquires Three Distributors Amid Allegations of “Soft Liquidation” Strategy
In a bold but controversial move, Kenyan agritech company Twiga Foods has acquired majority stakes in three local distributors—Jumra, Sojpar, and Raisons—as it accelerates its transition from a supplier of farm-fresh produce to a full-service fast-moving consumer goods (FMCG) platform. While this move signals Twiga’s ambition to solidify its position as Kenya’s leading B2B e-commerce…
Konica Minolta announces £32m liquidation
Konica Minolta has announced its intention to liquidate a manufacturing subsidiary in China, which has been calculated to result in a financial loss of approximately ¥6bn (£31.7m). Konica Minolta Business Technologies, also known as Konica Minolta WUXI, primarily produces imaging products and office machines. The company first decided to end production at the WUXI plant…
‘Iconic’ 55-year-old Devon business works to save stores from permanent closure
AN ‘iconic’ Devon family-run business that closed all nine of its stores after 55-years, is working with an advisory firm, to save the stores from permanent closure. The Crusty Cob, established in 1969 and run by three generations of the Tubbs family, is working with Azets to sell its business assets out of liquidation. This…
Liquidators appointed to two more firms in Dunfermline
East Bar Group Ltd and H&S Minicoaches Ltd, which both have the same registered address at Dunnock Drive in the city, are headed by sole director Neville Taylor. In January he was banned from being a company director for nine years for his involvement in a scheme that saw £7.6 million of assets go missing. …
IBC At A Crossroads: SC Rulings Spark Call For Time-Bound Reforms – BW Legal World
IBC At A Crossroads: SC Rulings Spark Call For Time-Bound Reforms BW Legal World Read the original article here
SF biotech company, once worth nearly $1 billion, plans to shut down – MSN
SF biotech company, once worth nearly $1 billion, plans to shut down MSN Read the original article here
Rescue of Bushveld Mineral's SA ops hasn't failed, says its BRPs – News24
Rescue of Bushveld Mineral’s SA ops hasn’t failed, says its BRPs News24 Read the original article here