It has been held that the opinion expressed by the CoC after due deliberations in the meetings through voting, as per voting shares, is the collective business decision and that the decision of the CoC’s commercial wisdom is non-justiciable The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the…
Third-generation, family-owned retailer begins final liquidation of two stores. Voted Best of the Best in Colleton County for at least a decade by The Press and Standard readers, family-owned and operated Dixie Furniture & Mattress announced it is going out of business and will begin total liquidation of its stores in North Charleston and Walterboro.…
Vasile Hrusca used funds from his failing company to pay off the remaining balance on a high-performance Audi he bought the previous year Hrusca also committed theft by selling-on plant equipment worth almost £90,000 which was still subject to two hire purchase agreements The 40-year-old was handed a suspended sentence and director disqualification after pleading…
In a stock exchange notice today (23 January), the board of TENT said that the liquidation of the trust will entail an initial cash distribution of approximately £43m, or 42.99p per share. If the liquidation is approved by shareholders, TENT’s shares will be fully removed from trading on the London Stock Exchange at 8:00am on…
Triple Point Energy Transition PLC Proposes Liquidation or Tender Offer TipRanks Read the original article here
Brisbane pool business in liquidation after ATO wind-up order Courier Mail Read the original article here
Brisbane pool business in liquidation after ATO wind-up order Courier Mail Read the original article here
Mumbai: In a pivotal decision, the Bombay High Court on Wednesday overturned an earlier order staying the winding-up proceedings of Swadeshi Mills Company Limited, effectively reviving its liquidation process. The judgment followed an appeal by shareholders Bipin Bagadia and Ashish Mooni, challenging the stay granted by a lower court. The stay had been sought by…
The Australian Government is taking decisive action to ensure the continuity of essential regional air services following Rex Airlines’ entry into voluntary administration in 2024. In a significant move, the government has acquired $50 million of debt from PAGAC Regulus Holdings Limited (PAG). PAX is currently Rex’s largest creditor. This acquisition aims to prevent the…
One of the country’s biggest agribusinesses is joining court proceedings against oil company Olivado. Seeka chief executive Michael Franks said his company was “particularly exercised” about the case. Far North Avocado Suppliers, in liquidation itself, has applied to have Olivado liquidated at the High Court at Whangārei next month. Seeka has joined the action against Olivado…