The UK government has opened a consultation on the Insolvency Rules, seeking views on whether the current framework remains clear, proportionate and fit for modern practice. For David Menzies, director of practice at ICAS, the consultation raises important questions about procedure, creditor engagement, remuneration, digital processes and the scope of future reform. The consultation forms…
Independent agency Espresso Communications has entered voluntary liquidation after two decades in business, with creditors owed more than $450,000. The technology-focused PR agency entered liquidation on 9 July, seven months after Mumbrella revealed founder Corrie McLeod was scaling back the business and had ceased working with one of its major clients, IT company NetApp. An…
Scottish gin producer Secret Garden Distillery has gone into voluntary liquidation and is no longer trading. Kate Armstrong and her daughters took on the Secret Garden Distillery business in 2022 Gareth David Wilcox and Mark Harper of Opus Restructuring have been appointed joint liquidators of the company. The company was placed into liquidation on 1…
Market snapshot: McLeod Russel India has reportedly obtained approval from the National Company Law Tribunal (NCLT) to withdraw a ₹444.55 Crore insolvency petition (as stated in the source alert; not independently verified). This follows the company’s successful formulation of a debt restructuring package with the National Asset Reconstruction Company Limited (NARCL) to resolve its long-standing…
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Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The corporate regulator has launched legal action to wind up financial planner Capital Guard, citing serious concerns about the firm’s handling of $17.4 million worth of investor funds. The Australian Securities and Investments Commission (ASIC)…
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The compulsory liquidation relates to McMillan Leisure (Scotland) Limited, registered at a Hutcheson Street address. The company directors previously ran the former Pavement restaurant and bar at the address before they announced they were stepping down two years ago. A new unconnected operator now occupies the site. Liquidator appointed to Scottish restaurant company (Image: Getty…
Six String Brewing Emerge From Administration As Creditors Approve Restructuring Plan The Crafty Pint Read the original article here
The Australian Securities Exchange has suspended Pilot Energy Limited’s PGY securities from quotation, citing concerns that the company’s financial condition no longer meets the adequacy requirements under Listing Rule 12.2. The move follows the recent appointment of voluntary administrators, signalling significant financial distress and raising questions about the company’s future access to public capital markets.…