(Reuters) — China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a…
Is Joann Fabric going out of business? Retailer warns of possible liquidation in second Chapter 11 bankruptcy Fast Company Read the original article here
New filings on The Gazette have confirmed that liquidators were appointed at Ancient House Press Ltd on Tuesday (14 January). Lee De’ath and Tom Gardiner of Begbies Traynor (Central) in Colchester have been appointed as joint liquidators of the business. The company’s statement of affairs is currently being processed at Companies House and is expected…
The revised Company Law introduces multiple legal avenues for shareholder exit, including share transfer, share repurchase, capital reduction and company dissolution and liquidation. In exceptional cases, shareholders may also exit by invalidating investment actions or revoking company establishment. Additionally, the new law allows dissenting shareholders to request that the company repurchase their shares in cases…
Regulator applies to liquidate Ithala, 257 000 clients affected News24 Read the original article here
Updated Jan 17, 2025 13:18 IST Smallcap Stock Below Rs 20: Salasar Techno in focus after NCLT orders closure of EMC Ltd’s liquidation process (Pic: Freepik/ ET NOW) Salasar Techno Engineering Share: Construction engineering company Salasar Techno Engineering shares are in focus after NCLT’s latest order on the liquidation process of EMC Limited. The smallcap…
Business liquidations have hit a 10-year high with 2500 companies folding last year, marking the highest annual figure since 2014 amid challenging conditions for construction and retail. The figure represents an increase of nearly 700 liquidations compared to 2023, while receiverships also climbed to their highest level since 2012, with 186 companies entering receivership –…
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…
Is Now the Best Time to Buy your Dream Home? | Housing Market Insights & Rate Cuts Explained Will lower rates make home loans more affordable, or are there risks to consider? In this episode of Realty Returns we discussed with Niranjan Hiranandani, Chairman-Hiranandani Group and Naredco & Ravi Shankar Singh, Managing Director, Residential Transaction…
