The National Company Law Tribunal (NCLT) in Mumbai has dismissed an insolvency plea filed by UC Inclusive Credit Pvt. Ltd. against Ganesh Benzoplast Ltd. It held that the application could not be admitted because the corporate guarantee relied upon by the lender is under challenge in multiple civil and criminal proceedings involving allegations of fraud…
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Fuel cell company with Albuquerque operations files for Chapter 7 bankruptcy The Business Journals Read the original article here
REVEALED: Latest business liquidations in Darebin Herald Sun Read the original article here
The National Company Law Tribunal (NCLT) in Mumbai on Thursday ordered the dissolution of BSE Institute of Research Development & Innovation Private Limited after finding that its voluntary liquidation had been completed in accordance with law and that the company’s affairs had been completely wound up. A bench of Judicial Member K.R. Saji Kumar and…
The most recent accounts at Companies House for Motayr Limited, registered at Heathfield Industrial Estate, show a deficit of £11,220. A petition was presented to Ayr Sheriff Court on behalf of the commissioners for His Majesty’s Revenue and Customs seeking that the company be wound up. David Meldrum, of BK Plus, was appointed liquidator. Mr Meldrum said: “At the…
REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 14 July held that financial creditors can directly initiate insolvency proceedings against personal guarantors without any pending Corporate Insolvency Resolution Process (CIRP) or liquidation proceedings against the corporate debtor. Judicial Member Justice Mohd Faiz Alam Khan and Technical Member Naresh Salecha allowed appeals filed by…
Award-winning UK gin distillery plunges into liquidation after nearly a decade The Sun Read the original article here
Award-winning UK gin distillery plunges into liquidation after nearly a decade The Sun Read the original article here