Jaiprakash Associates Limited (JAL), the flagship company of the Jaypee Group, is at the centre of one of India’s most high-profile corporate insolvency cases, attracting significant interest from a wide array of bidders. CNBC-TV18 has learnt that at least 26 prominent entities, including some of India’s largest conglomerates such as the Adani Group, JSW Group,…
Hudson’s Bay Announces a Revised Liquidation Timeline Business Wire Read the original article here
Wenzel’s the Bakers is in jeopardy after HMRC launched a winding-up petition against the company, potentially forcing it into liquidation. A winding-up petition can be issued to take a company to court if it cannot pay its debts and, if successful, company assets can be sold to pay creditors – also known as compulsory liquidation. The…
The Tribunal found that GIDC’s show cause notice, which was utilized to end the lease, clearly breached section 14 of the Code The National Company Law Appellate Tribunal (NCLAT) New Delhi has ruled that lease hold rights existing in favour of corporate debtor cannot be terminated during moratorium period under section 14 of the Insolvency…
Genetic Technologies Executes Deed of Company Arrangement Amid Voluntary Administration MSN Read the original article here
Maciej Rozanski stepped onto a fragile roof and fell more than 20 feet to the floor below Maciej Rozanski, who was 42, had been working to remove a redundant steel cleaning machine from the company’s Sovereign Works site on Deepdale Lane, Dudley, on 29th June 2018. However, during the work, Rozanski stepped onto a fragile…
Television personality and former SAS: Who Dares Wins instructor Ant Middleton and his wife have been banned as a company director. His company, Sway and Starting Limited, failed to pay more than £1 million in taxes. His wife, Emilie Middleton, has also been disqualified as a director for four years. The couple’s disqualification follows an…
Pandemic shake-out claims another top Perth builder The West Australian Read the original article here
Insolvencies in England and Wales have increased, according to recent statistics. The Insolvency Service revealed that corporate and personal insolvencies rose by 2.9 per cent and 4.1 per cent respectively in February compared to January. Kelly Jordan, North East chair of R3, the UK’s insolvency and restructuring trade body, said: “The monthly increase in corporate…
The Insolvency Service revealed that corporate and personal insolvencies rose by 2.9 per cent and 4.1 per cent respectively in February compared to January. Kelly Jordan, North East chair of R3, the UK’s insolvency and restructuring trade body, said: “The monthly increase in corporate insolvencies is driven by a rise in compulsory liquidations, which are…