Synairgen progresses wind-down, targets liquidation this year By Investing.com – Investing.com Canada
Synairgen progresses wind-down, targets liquidation this year By Investing.com Investing.com Canada Read the original article here
Advice firm under FCA investigation enters administration
Manchester-based financial advice firm LCM Family Limited (FRN: 227651) has entered administration following agreeing to a voluntary requirement with the FCA. LCM agreed to the voluntary agreement on 14 April. The firm was formerly known as LCM Wealth Management and SPH 225 Limited. LCM has been authorised by the FCA since it was founded in…
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Reliance Power Faces ₹1,300 Cr Insolvency Threat as US Exim Bank Moves NCLT
Synopsis: Reliance Power has come under pressure after the US Export-Import Bank filed an insolvency application over a $165 million debt linked to its subsidiary. The company, however, has strongly contested the claim, stating that the debt is not due and is already under arbitration. Reliance Power Ltd, part of the Anil Ambani-led group, is…
PS IT Infrastructure & Services Limited Admitted to Insolvency Proceedings by NCLT Mumbai – scanx.trade
PS IT Infrastructure & Services Limited Admitted to Insolvency Proceedings by NCLT Mumbai scanx.trade Read the original article here
Stayble proposes voluntary liquidation – aims to sell intellectual property assets
Research company Stayble Therapeutics has convened an extraordinary general meeting on May 7 to decide on voluntary liquidation, or alternatively, continued operations. The company, which develops injectable treatments for chronic back pain, has for some time unsuccessfully sought partnerships and financing to advance the STA363 project. The board is therefore proposing liquidation with the aim…
Section 7 IBC Limitation Runs from Date of NPA; IRP’s Admission Not Acknowledgment: Supreme Court Sets Aside CIRP Admission
The Supreme Court of India has set aside the orders of the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) admitting a corporate insolvency process, clarifying that the period of limitation for a Section 7 application under the Insolvency and Bankruptcy Code (IBC) must be reckoned from the date the…
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UK construction company collapses into liquidation – £200k of debts | UK | News
A UK construction company has collapsed into liquidation with debts of over £200,000. Oxford Builders Limited, based in Kidlington, Oxfordshire, filed for creditors’ voluntary liquidation earlier this month. The firm, which was founded in 2013, owed £205,100 to various creditors at the time of collapse, according to documents on Companies House. This included £184,432 in…