Meridian Steel (MSL), subsidiary of Duferco International Trading Holding (DITH), has started the process of winding up the business as its operations are no longer sustainable, Kallanish learns. A statement by the board of directors says it is “with regret” that a thorough business review has concluded that the company’s operation is no longer sustainable. As a result,…
Former Supreme Court Judge Justice Ashok Bhushan has demitted office as the Chairperson of the National Company Law Appellate Tribunal (NCLAT), bringing to an end a tenure of nearly five years during which the appellate tribunal delivered several landmark judgments under the Insolvency and Bankruptcy Code (IBC) and the Competition Act. Justice Bhushan assumed charge…
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Seven of Hobart’s best-known hospitality venues have closed their doors after the group operating them collapsed into voluntary administration. Iconic Tasmanian pubs and bars, including Republic Bar and Cargo Bar, are among those to immediately close while an urgent sale process is underway. Pub Banc Group and Hotel Banc Group have brought in administrators from…
Corporate loan delinquency rate is higher than household loans Due to high interest rates and sluggish domestic demand, self-employed insolvency spreads 사진 확대 As the number of small business owners closing their businesses increases, information on “rental inquiries” is hung throughout the local alley areas. Photo = MS TODAY DB Amid the prolonged economic downturn,…
7h05 9 min read by Ghiles A. Summarize this article with: ChatGPTPerplexityGrok In an already tense context for tokenized real estate, RealT initiates a decisive step with the voluntary liquidation of its American structures. The project, which attracted thousands of investors worldwide, especially in France, now undertakes the progressive sale of its entire real estate…
Christopher Ward’s articles from Lowenstein Sandler are most popular: within Insolvency/Bankruptcy/Re-Structuring topic(s) in United States with readers working within the Healthcare industries Lowenstein Sandler are most popular: within Wealth Management and Finance and Banking topic(s) self In this episode of the Lowenstein Bankruptcy Lowdown, Christopher A. Ward and Michael V. DiPietro examine Delaware’s…
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The liquidation of the operator of the pub near Glasgow leads our weekly recap. The Arthurlie Inn, on Main Street, Barrhead, has been placed into liquidation after three decades in the same ownership. The move follows a decision by shareholders to wind up The Arthurlie Inns Ltd, the company behind the business, with the appointment…