Company liquidations are at a 10-year high – Stuff
Company liquidations are at a 10-year high Stuff Read the original article here
Hong Kong court adjourns Country Garden liquidation-petition case until May 26
Justice Linda Chan adjourned the case until May 26 after hearing a petition from Ever Credit, a unit of Hong Kong-listed Kingboard Holdings, which makes laminates and chemicals. At the hearing, Ever Credit asked the judge to grant an immediate liquidation order, while another creditor requested a four-week adjournment. Country Garden’s lawyer, Jose-Antonio Maurellet, told…
Avocado supplier in liquidation takes oil company Olivado to court
According to a previous Herald report, Olivado had an unsuccessful expansion to Queensland, then went to Kenya, where investor Alan Mountfort was shot in the early 2000s. Kaitāia-based avocado packer Far North Avocado Suppliers Limited operated an avocado pack house in Northland. Liquidator Garry Whimp told the Herald Olivado owed the suppliers some money but…
Aussie building company collapse leaves homeowners out-of-pocket – MSN
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
With no revival plan in place, NCLT orders liquidation of Tulip Hotels
The Mumbai bench of the National Company Law Tribunal has ordered the liquidation of the once-iconic Tulip Hotels after the creditors of the company failed to receive any viable resolution plan. The tribunal also appointed Krishna Gopal Ratanlal Maheshwari as the liquidator. “The liquidator shall endeavour to sell the company as a going concern during…
Tulip Hotels: NCLT directs liquidation of Tulip Hotels as it fails to get bidder within prescribed timeline
NCLT has directed for the liquidation of debt-ridden Tulip Hotels, as the tribunal failed to receive any bidder during its insolvency resolution process within the prescribed timeline. On May 16, 2023, the NCLT had directed the initiation of a Corporate Insolvency Resolution Process (CIRP) against Tulip Hotels over a plea filed by Yes Bank, claiming…
NCLT approves Aspect Global Ventures bid for Rite Builtec
RP Amit Karia The National Company Law Tribunal (NCLT), Mumbai on 16th January 2025 approved the resolution plan for the corporate debtor Rite Builtec Private Limited, marking a significant milestone in resolving this long-pending Slum Rehabilitation Authority (SRA) project in Devipada, Borivali, Mumbai. Aspect Global Ventures Private Limited is the successful resolution applicant. The resolution…
EV-Van Maker Canoo Liquidating Operations Under Chapter 7 Bankruptcy
Canoo, the electric delivery vehicle startup which raced against time and insolvency despite infusions of incentive funding and actual van orders from Walmart and NASA, has been crushed under mounting debt and decided to cease all operations immediately. The Texas-based Canoo announced Friday it had filed a petition for Chapter 7 bankruptcy, which is liquidation…
Graduate student explores the changing face of corporate restructuring in Canada
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