The Hythe and Southampton Ferry Company has entered creditors’ voluntary liquidation after efforts to secure a long-term future for the historic service proved unsuccessful. The ferry, owned by Red Funnel, has been out of operation for the past 18 months while attempts were made to find a sustainable solution to bring it back into service.…
Panel suggests pre-insolvency mechanism, greater PSU participation for faster resolution of real estate distress The New Indian Express Read the original article here
‘The Australian dream is fading’: North East family business faces $1M debt The Border Mail Read the original article here
The Supreme Court of India has held that the National Company Law Appellate Tribunal (NCLAT) cannot delve into the actual merits of a dispute while considering an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). A Division Bench comprising Justice Sanjay Kumar and Justice R. Mahadevan set aside the NCLAT’s decision…
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UK parcel company crashes into liquidation – in business since 2002 MSN Read the original article here
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REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
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Jobs lost as metal fabrication manufacturer enters liquidation Insider Media Ltd Read the original article here