Australia’s first community owned energy retailer, Enova, has been placed in voluntary administration. Key points: Enova’s chief executive says the state of the energy market is “diabolical” Felicity Stening says the market is “broken” and does not support smaller operators Customers will not be disconnected and will be assigned a new energy provider In an email sent to…
Comment In autumn of 2025, the English High Court decided that liquidators have unlimited personal exposure: they cannot contractually limit or exclude their personal liability for breach of duty. An application for permission to appeal that decision is now before the Court of Appeal. The first instance decision underscored that a liquidator’s duty is…
Company Liquidation Does Not End Criminal Liability for TDS Default: Delhi Court Daily Pioneer Read the original article here
The liquidation of a company cannot erase its criminal liability for failing to deposit tax deducted at source (TDS), nor can it shield the director responsible for the default from prosecution, a Delhi court has held. The Additional Chief Judicial Magistrate (ACJM), Central Delhi, made the observations while sentencing M/s Naftogaz India Pvt Ltd and…
Another airline shuts down, cancels all flights due to low demand thestreet.com Read the original article here
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AF Enterprises exits CIRP, regains management control after NCLT order scanx.trade Read the original article here
A well-known York business that went into liquidation has been saved and is now trading under new owners. Rafi’s Spicebox is still operating from its Goodramgate shop following a restructuring deal designed to secure its long-term future. The original owners appointed insolvency practitioners from BTG Begbies Traynor on 29 June to oversee a company voluntary…
The company behind immersive productions including Elvis Evolution and Jeff Wayne’s War of the Worlds: The Experience went into liquidation with debts totalling over £20 million, recent accounts show. A statement of affairs for Ellipsis Entertainment filed last week (20 August) also lists over 170 shareholders with holdings totalling over £20m, meaning the company collapsed…
Bombed-out beauty and skincare roll-up BWX has landed in voluntary administration, after Street Talk revealed its lender CBA’s decision to stop relaxing covenants that expired on March 31. BWX shares are down 97.4 per cent since their peak in January 2018. Loading… Read the original article here