The National Company Law Tribunal (NCLT) at Chennai on 7 August admitted Gangotri Textiles Limited‘s application under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), thereby initiating Corporate Insolvency Resolution Process (CIRP) against it. A Bench comprising Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy observed: “….this Tribunal is satisfied that…
A lord ordinary has ordered that the director of an insolvent healthcare waste disposal company be disqualified from company management for nine years, after finding that his conduct in the run-up to the company’s liquidation amounted to an “egregious breach” of his director’s duties. A healthcare waste disposal company founded by the respondent was wound…
State Fayre Ltd, which acquired the bakery business on Middleton Road, Crumpsall, in 2017, was wound up and placed into creditors’ voluntary liquidation earlier this month. The business, which has roots dating back to 1905, supplies bread products, fresh pastry goods and cakes to supermarkets and other retail outlets, restaurants and bars, as well as…
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All 25 jobs saved after rescue deal for established Manchester bakery TheBusinessDesk.com Read the original article here
The jobs of all 25 employees at Manchester kosher bakery State Fayre, whose roots date back to 1905, have been savedafter a sale secured its future. State Fayre Ltd, which acquired the bakery business on Middleton Road, Crumpsall, in 2017, was wound up and placed into creditors’ voluntary liquidation earlier this month following sustained financial…
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Court Appoints Provisional Liquidators to 12 Companies After A$182 Million Raise Finance Magnates Read the original article here
ASIC-backed court action puts 12 Edwards-linked companies into provisional liquidation Traders Union Read the original article here
The parent company of Melbourne builders Eight Homes and Urbanedge Homes has entered voluntary administration, telling its customers “all builders are facing unprecedented challenges” because of the rising cost of materials and labour. Steve Maher, CEO of Mahercorp, said the company entered voluntary administration on Friday afternoon in an email to clients, sighted by The…