9 best Home Depot liquidation truckload and pallet companies – AZ Big Media
9 best Home Depot liquidation truckload and pallet companies AZ Big Media Read the original article here
Schools, Trusts, Guarantees And Bankruptcy: What The Public Record Reveals About The Financial Empire Around Devendra Gupta And Sudha Gupta
There is a particularly uncomfortable way to build wealth in the public imagination: put schools at the centre of the story, wrap the enterprise in the language of education and social purpose, surround it with charitable trusts and institutions, and let the public see classrooms, children and school uniforms. But when the same ecosystem later…
Historic UK haulage firm collapses into liquidation with all jobs lost
VG Mathers Limited, founded nearly 60 years ago in Scotland, ceased trading after a prolonged period of “difficult conditions” in the road haulage sector. The closure has resulted in the loss of seven jobs. Colin Mathers, director of VG Mathers Limited and son of the founder, told our Scottish sister paper The National: “For years,…
Historic UK haulage firm collapses into liquidation with all jobs lost
VG Mathers Limited, founded nearly 60 years ago in Scotland, ceased trading after a prolonged period of “difficult conditions” in the road haulage sector. The closure has resulted in the loss of seven jobs. Colin Mathers, director of VG Mathers Limited and son of the founder, told our Scottish sister paper The National: “For years,…
Bombay HC Allows ₹1,200 Cr Grand View & Forbes Plan to Revive Svadeshi Mills from Liquidation, Terms Minority Opposition “Elitist Extortion” [Read Order]
The Bombay High Court has upheld the revival of The Svadeshi Mills Company Ltd., which has been in liquidation since 2005, based on a revival plan endorsed by Grand View Estates Pvt. Ltd. and Forbes & Co. Ltd. who together own 53.25% of the shares of the company. The Division Bench called the objection raised…
SARFAESI Proceedings Cannot Restrain Corporate Debtor from IBC Default: NCLT Admits ₹38.28 Cr CIRP Plea [Read Order]
The National Company LawTribunal (NCLT) has accepted the Section 9 Application filed by Sai Kripa Indenting against Sneh Olefins Private Limited for Corporate Insolvency Resolution Process (CIRP) on account of operational debt of ₹38,28,15,122.64. The Bench ruled that the inability of the Corporate Debtor to meet its obligation, SARFAESI proceeding and proposed settlement does not…
Sritex Bankruptcy: Singapore Ruling Opens New Path for Cross-Border Asset Recovery
Landmark decision lets Sritex curators investigate Singapore assets and potentially strengthen creditor recoveries. A Singapore court decision involving collapsed Indonesian textile giant Sritex could give creditors and insolvency administrators a clearer route to pursue assets linked to bankrupt Indonesian companies in Singapore. Singapore Recognizes Sritex BankruptcyThe Singapore International Commercial Court (SICC) recognized the Indonesian bankruptcy…
Haulage company collapses with all jobs lost
The liquidator highlighted “significant pressures” on the haulage business, which was established in 1968. Michael Reid, head of insolvency services in Scotland for MHA, has been appointed liquidator of VG Mathers Limited, based at Kintore in Aberdeenshire. VG Mathers’ fall into liquidation has resulted in the loss of all seven jobs. Colin Mathers, director of…
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Repeated Default in Approved Resolution Plan Despite ₹171.48 Cr Payment: NCLT Orders Liquidation of Corporate Debtor [Read Order]
The National Company LawTribunal (NCLT) Hyderabad, has directed that Splendid Metal Products Limited which was subsequently renamed as Thalaivar Steels Limited should be liquidated due to the continued inability to execute the Resolution Plan approved despite significant amounts being paid by the Successful Resolution Applicant (SRA). The Corporate Debtor was admitted for CIRP on 4…