Category Archives: Liquidation

Naati Haulage liquidation: Gisborne trucking company creditor claims total $545,309

The combined total creditor claims are $545,309.41. Secured creditor claims total $1057.57. Unsecured creditor claims total $329,044.95. One preferential unsecured creditor claim totals $213,261.09. One applicant creditor’s cost totals $1945.80. The largest creditor was IRD as a preferential unsecured creditor, an unsecured creditor and for applicant creditor costs combined. IRD’s claims totalled $539,222.70. There are…

Union rushes to liquidate Independent Media’s majority shareholder over R300m debt

Independent Media has historically been linked to a stable of newspapers including the Cape Times, Cape Argus and The Star, although a new group now says it has the rights to publish them. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day…

Contractor reportedly owing IRD $1.1m attributes liquidation to slow payments and inconsistent work – NZ Herald

Contractor reportedly owing IRD $1.1m attributes liquidation to slow payments and inconsistent work  NZ Herald Read the original article here

Glasgow road freight firm falls into liquidation over HMRC tax bill

A liquidator was appointed to the Glasgow-registered company after court action was taken by His Majesty’s Revenue and Customs. A petition was presented to Paisley Sheriff Court for HMRC in relation to AllAbout Transport Limited, listed at Manse Court. It called for the company to be wound up and for a liquidator to be appointed.…

Restaurant owner vows to rebuild after companies placed in liquidation – The Press

Restaurant owner vows to rebuild after companies placed in liquidation  The Press Read the original article here

Ekapa Mine business rescue could save hundreds of Kimberley jobs

Hundreds of Ekapa Mine jobs could be saved. Numsa has welcomed a Northern Cape High Court ruling suspending the liquidation of Ekapa Minerals and placing the Kimberley company under business rescue.  The union says the process creates an opportunity to restart operations and return workers to their jobs. The mine has faced severe financial pressure…

NCLT Delhi Dissolves Newgen Payment Gateway After Voluntary Liquidation

The Delhi bench of the National Company Law Tribunal (NCLT) has ordered the dissolution of Newgen Payment Gateway Private Limited, a company that provided payment processing services for credit cards, debit cards and bill payments. The bench found that the company’s voluntary liquidation had been completed and all liabilities had been settled. The order was…

NCLT Ahmedabad Rejects Insolvency Plea Against Sadbhav Engineering, Holds MoU Claims Cannot Trigger IBC

The Ahmedabad National Company Law Tribunal (NCLT) on 29 July held that claims arising solely from a Memorandum of Settlement (MoU) or settlement agreement do not constitute “operational debt” under Section 5(21) of the Insolvency and Bankruptcy Code, 2016 (IBC), as such claims do not arise from the supply of goods or services. A Bench…

Bikemaker Accell files for insolvency four years after €1.8bn KKR-led buyout – Financial Times

Bikemaker Accell files for insolvency four years after €1.8bn KKR-led buyout  Financial Times Read the original article here

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