Around 35 people have been made redundant but the owner of the brand hopes the majority of staff will come back 16:32, 29 May 2026Updated 17:33, 29 May 2026 Jeff Harris of Delcor Furniture in Seaton Delaval.(Image: Iain Buist/Newcastle Chronicle) The owner of a Northumberland furniture firm says it is set to be resurrected after…
TGIF 27 March 2026 – No approval? No problem: absence of section 477(2B) approval no bar to liquidator claim Corrs Chambers Westgarth Read the original article here
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Friel Stafford’s Tom Murray tells Sorcha Corcoran that directors of struggling firms are increasingly taking action while they still have options Friel Stafford’s free confidential helpline, which it has been operating since 1994, has been busier than ever this year, alongside the specialist advisory firm’s increasing insolvency-related workload. A director can have a candid, obligation-free…
British used car dealership collapses into liquidation owing over £60k in debt The Sun Read the original article here
The Supreme Court has upheld an order of the National Company Law Appellate Tribunal (NCLAT) setting aside insolvency proceedings initiated against KLSR Infratech Limited by operational creditor A.S. Met Corp Pvt. Ltd., while also endorsing observations that the insolvency framework appeared to have been used as a “pressure tactic” against the infrastructure company. A Bench…
The Chandigarh Bench of the National Company Law Tribunal National Company Law Tribunal on 25 May admitted a Section 7 petition filed by Himalaya Food International Limited and initiated Corporate Insolvency Resolution Process (CIRP) against A.P.J. Laboratories Limited for default of Rs 14.41 crore, holding that the debt and default stood admitted and undisputed. Judicial…
The shop went into voluntary liquidation with all of its stores closing The high street shop went into voluntary liquidation after a difficult period for trading (stock image)(Image: Cambridge News) A high street shop in Cambridge has closed after the brand went into liquidation. Revital confirmed that all of its stores across London and the…
‘Helrom to be liquidated’ RailFreight.com Read the original article here