Following a meeting on August 20, liquidators from Parker Walsh have been appointed to AT Automotive Ltd, a garage operating from Lyford, near Wantage. The motion passed at the meeting said: “That the company be wound up voluntarily and that Molly Monks (IP No. 19830) of Parker Walsh, Suite A, Victoria House, 19-21 Ack Lane…
The collapse of Bathla has caught out some of the country’s biggest private credit and real estate firms, with the embattled development giant calling in administrators as it is unable pay back loans of more than $3.5 billion. The business cited surging construction costs and a worsening property downturn for calling in insolvency specialists Teneo,…
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National Company Law Tribunal (NCLT) has rejected the resolution plan where the amount of ₹7 crore is offered to the creditors in contrast to the liquidation value of ₹9.42 crore of the corporate debtor because the resolution plan has failed to safeguard the statutory rights of the dissenting secured financial creditor under Section 30(2)(b) of…
A federal judge has rejected the Chapter 11 repayment plan of defunct auto-parts maker First Brands Group, ordering the case converted to a Chapter 7 liquidation after concluding that a proposal to fund creditor recoveries through litigation against insiders was not realistic. US Bankruptcy Judge Christopher Lopez ruled Monday that the plan, which would have…
Written by Raheemat Olabode A DUNFERMLINE architecture firm has been sold out of liquidation, with some former staff offered jobs under new ownership. Allan Corfield Architects Ltd and sister company Allan Corfield Structures Ltd were acquired by DJI Architecture Ltd after Henderson Loggie appointed Shona Campbell as liquidator. The businesses employed 14 staff before entering liquidation…
This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine. Any information/advice provided in this article is general in nature…
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