UK frozen food supplier plunges into liquidation after 13 years – Daily Express
UK frozen food supplier plunges into liquidation after 13 years Daily Express Read the original article here
Supreme Court Holds CoC Cannot Withdraw Approved Resolution Plan After Submission to NCLT Merely Due to Improved Financial Position – The Legal Affair
Introduction: The Supreme Court of India has reaffirmed the binding nature of a resolution plan approved by the Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code, 2016 (IBC), holding that the CoC cannot withdraw its approval of a resolution plan after submitting it to the National Company Law Tribunal (NCLT) for approval merely…
Hydroxsys liquidation: Auckland cleantech start-up owes creditors $3.1m
The Companies Office register records Hydroxsys as being backed by a number of well-known venture capital investors: Sir Stephen Tindall’s K1W1 (7.94%), Icehouse Ventures (4.35%) and Aspire NZ Seed Fund (4.08%) are listed as shareholders in the holding company. Many of these investors had come on board more than a decade ago. Reports from 2014…
UK construction company enters administration after 11 years
Torsion Projects Limited, based in Leeds, specialised in the delivery of care home schemes across the UK. It was incorporated in 2015 and employed 54 members of staff, having been a part of the wider Torsion Group. Torsion Projects enters administration after 11 years PROJECT UPDATE: Lancaster Wharf, Birmingham Our 23-story, 266-apartment development. Façade work…
CoC can’t withdraw approved insolvency resolution plan citing debtor’s improved financial position: Supreme Court
After considering the rival submissions, the Court upheld the NCLAT’s view that the CoC could not withdraw an approved resolution plan merely on the ground that the corporate debtor’s financial position had improved. It held that the binding nature of a resolution plan operates equally against both creditors and resolution applicants. Relying on its earlier…
‘Demoralising’: Aussie law firms lost thousands to failed recruiter – The Courier Mail
‘Demoralising’: Aussie law firms lost thousands to failed recruiter The Courier Mail Read the original article here
REVEALED: Liquidator appointments for businesses in the Randwick council area for October 26 – The Daily Telegraph
REVEALED: Liquidator appointments for businesses in the Randwick council area for October 26 The Daily Telegraph Read the original article here
Business set up by Dragon’s Den star enters liquidation as dozens of jobs lost – Joe.co.uk
Business set up by Dragon’s Den star enters liquidation as dozens of jobs lost Joe.co.uk Read the original article here
Full list: Companies entering liquidation or administration across Australia on October 27 – Gold Coast Bulletin
Full list: Companies entering liquidation or administration across Australia on October 27 Gold Coast Bulletin Read the original article here
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