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New Delhi, Jul 30 (KNN) The Supreme Court has clarified that the moratorium under the Insolvency and Bankruptcy Code (IBC), 2016 applies only to the corporate debtor and does not extend to promoters, directors, or other associated parties in consumer disputes. The ruling came while hearing appeals against an order of the National Consumer Disputes…
Staff in the dark after Burger Burger collapses into liquidation Waikato Times Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Liquidators from Xeinadin Corporate Recovery Limited were appointed for Atamate Limited on July 23, with the manufacturer of computers subsequently passing a resolution that the business be wound-up voluntarily. This comes after Atamate reported creditors falling due within one year of £5,110,665 in its latest accounts to December 31, 2025. READ MORE: Multiple UK recruitment…
Supreme Court: While deciding appeals concerning the effect of a moratorium under Section 14, Insolvency and Bankruptcy Code, 2016 (IBC) on pending consumer proceedings, a Division Bench of Vikram Nath* and Sandeep Mehta, JJ., held that the statutory moratorium operates only against the corporate debtor and cannot be extended to promoters, directors, landowners or other…
Private school ‘hijacked’ by three companies after it was liquidated News24 Read the original article here
KEYNSHAM company 4Concrete has gone into voluntary liquidation, with debts of £600,000. It is understood that the site in Avon Mill Lane has been taken over by Wright Readymix and that operations there are continuing much as before. The winding-up of 4Concrete was revealed in an insolvency notice in The Gazette, an official journal of…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…