The National Company Law Appellate Tribunal (NCLAT) has condoned the delay in filing an insolvency petition against PepsiCo India Holdings, allowing a hearing to proceed. The case involves a dispute over unpaid operational debt and interest. New Delhi, Mar 3 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Monday condoned the delay over a…
A Nottinghamshire construction boss has been jailed after fraudulently removing more than £700,000 from four struggling companies to fund his gambling addiction. Wesley Grainger-Smith, 66, was sentenced to two years and four months in prison at Lincoln Crown Court after pleading guilty to five counts of fraudulently removing company property. Between 2014 and 2017, Grainger-Smith…
Walleys Quarry: Operator of closed landfill goes into liquidation BBC.com Read the original article here
How St. Cloud’s tech darling failed, leaving dozens of local investors empty-handed Star Tribune Read the original article here
Greenwich Build has gone into voluntary administration, leaving the Wakaden Street project stalled. Photo: Oliver Jacques. The Sydney-based builder of an affordable housing development on Griffith’s Wakaden Street has gone into administration, leaving some local contractors unpaid for work already done. Not-for-Profit Argyle Housing was donated land by Griffith City Council to construct four two-storey,…
Shares in Star Entertainment have been suspended from trading on the stock exchange after it failed to lodge its financial results. Exchange operator ASX automatically suspended shares in Star on Monday morning after the casino operator missed Friday’s deadline for issuing its earnings update for the first half of the financial year. The future of…
The Insolvency and Bankruptcy Board of India (“IBBI”) has recently notified several key amendments[1] in the CIRP Regulations[2], which aim to further streamline CIRPs[3] with special focus on real estate (RE) projects. These amendments give a formal effect to the recommendations/ suggestions that were proposed in the IBBI’s discussion paper, dated November 7, 2024, with…
Credit: 123RF.com Payments services firm AGS Transact Technologies said on Saturday that a creditor plans to initiate insolvency proceedings against the company for non-payment of dues. Maxwel Aircon India Pvt Ltd, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company Law Tribunal,…
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Closing sales have begun at 122 retail stores operated by Liberated Brands after the company filed for bankruptcy last week. The move affects all of Liberated’s retail fleet, including retail locations for Billabong, Roxy, RVCA and Quiksilver,…
Administrators have been appointed for Technicolor Creative Studios UK, the historic visual effects studio that has shut down, with 440 redundancies. Nick Holloway and David Pike from advisory firm Interpath were named as joint administrators to the UK Technicolor division on Monday. “The Group had been facing financial challenges for some time, exacerbated by rising…