Creditors of experience agency CX Lavender, established almost three decades ago by Will Lavender, will be told today the company’s administrators are in the middle of negotiating a sale of the business. Vaughan Strawbridge and Matthew O’Keefe of FTI Consulting were appointed voluntary administrators in late March. Their latest investigations are to be presented to a…
Ahmedabad Others IBBI issued show cause notice on March 23 to insolvency professional alleging procedural lapses in handling cases Gujarat High Court … Read the original article here
Company that treated workers ‘like slaves’ liquidated after failing to pay compensation The Press Read the original article here
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Chapter 11 filings increase 42% YoY in April CFO Brew Read the original article here
Ascend Airways has axed all flights with immediate effect and will now surrender its UK Air Operator’s Certificate (AOC). The company was established in 2004 but traded under its current name for only three years. As a “wet-lease” operator, the airline provided aircraft to carriers including Oman Air, Air Sierra Leone and TUI Airways. Also…
A third-generation meat empire which once operated almost 25 stores has collapsed after more than 80 years, marking the second major Queensland family food business to fall within weeks. Jack Purcell Meats traces its roots back to 1943, when founder Jack Purcell opened a small shop in Northgate before building what became one of Brisbane’s…
A British travel firm that sold package holidays to Europe and Southeast Asia has collapsed into liquidation and will not be issuing refunds for cancelled trips. Regen Central LTD lost its Air Travel Organisers’ Licensing (ATOL) on January 13 and subsequently went into liquidation, according to the Companies House website. ATOL, a scheme administered by…
[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The move towards provisional liquidation of Dubai-based food conglomerate IFFCO Group marks one of the most significant corporate distress cases in the Gulf consumer sector in recent years, highlighting how mounting debt, shareholder complexities and geopolitical disruptions…