The Herald revealed that the Secret Garden Distillery Limited was placed into voluntary liquidation last week. Now the liquidators at Opus Restructuring & Insolvency have revealed all 16 staff lost their jobs, and they also told of the circumstances leading up to the liquidation, which comes after the distillery celebrated being named UK Gin Producer…
Introduction The moratorium is arguably the single most powerful protective mechanism the Insolvency and Bankruptcy Code, 2016 offers a corporate debtor. The moment CIRP is admitted, Section 14 throws up a legal shield around the company suits are stayed, recoveries are frozen, and essential supplies must continue giving the resolution process breathing…
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The collapse of Leading Edge Group into voluntary administration has raised fresh concerns about the future of Australia’s independent retail sector, with regional record stores among the businesses facing immediate disruption after the buying group’s central billing model was frozen. by Paul Cashmere Leading Edge Group, one of Australia’s longest running retail buying groups, has…
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NCLT Puts Byju’s Insolvency Bidding Process On Hold Till August 31 BW Businessworld Read the original article here
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The final liquidation of NTC Global Trade Fund has been delayed until September after the Pretoria High Court granted a postponement – but ordered sole director Edwin Thabo Letopa to personally provide R500 000 as security for the wasted legal costs pending the final order. Unless Letopa transfers this amount into a designated trust account…
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