The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that there is no provision in the Insolvency and Bankruptcy Code, 2016 (Code), that mandates the valuation report to be shared with the suspended management of the Corporate Debtor. Therefore, the…
Vinyl Me, Please has confirmed that it has entered liquidation. It comes as news of the company struggling was first shared by the Denver Post. In the report, several customers came forward to say that they had filed complaints against VMP, accusing them of not sending out paid orders, ignoring questions and enquiries, and not…
Photo reveals grim reality after Aussie business collapses after 24 years Yahoo Read the original article here
A settlement has been reached with creditors for multiple businesses linked to Birmingham Pride festival director Lawrence Barton. It brings a five-year saga to an end after the collapse of Barton’s training business, GB Training, which owed £8.4m to creditors. Liquidator Kevin Mawer and Barton have secured an undisclosed agreement that will allow for a…
The NCLAT held that SNJ’s insolvency petition under Section 9 (concerning operational debts) of the Insolvency and Bankruptcy Code, 2016 (IBC) was not maintainable since the principal amount of the debt claimed from PepsiCo had already been repaid and only a disputed claim for interest remained. A three-member Bench of Justice Ashok Bhushan (Chairperson), and…
Aussie brides await delivery of gowns as luxury bridal brand enters administration The Examiner Read the original article here
Aussie brides await delivery of gowns as luxury bridal brand enters administration Crookwell Gazette Read the original article here
A luxury Australian bridal brand worn by some of Australia’s top celebrities and WAGS has entered voluntary administration with around 100 brides-to-be awaiting delivery of their dresses. Pallas Couture, established by designer Joy Morris in 2001, is known for its premium wedding dresses that retail for up to tens of thousands of dollars. Advisory firm…
Aussie brides await delivery of gowns as luxury bridal brand enters administration The Canberra Times Read the original article here
Aussie brides await delivery of gowns as luxury bridal brand enters administration Bay Post-Moruya Examiner Read the original article here