Category Archives: Liquidation

Fraud Allegations Raised Only After Demand Notice Cannot Override CIRP Proceedings: NCLT Admits Insolvency Plea against Montecarlo Ltd [Read Order]

The National Company Law Tribunal (NCLT) has admitted a CIRP application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Montecarlo Ltd, and held that fraud allegations raised only after receipt of the statutory demand notice do not constitute a pre-existing dispute capable of defeating the initiation of the Corporate Insolvency Resolution…

Cotswolds car company announces liquidation amid £111,000 debts

A Cotswolds car company is to be liquidated amid £110,000 debts. Liquidators from BTG Begbies Traynor have been appointed for Cotswolds Cars Ltd after the Woodstock-based company reported creditors of £111,070 falling within a year. That was as stated in its latest company accounts on Companies House which was for the year to August 31,…

RP Entitled to Reclaim Leased EV Fleet During CIRP: NCLT Upholds Corporate Debtor’s Assets Must Be Preserved During CIRP [Read Order]

The National Company Law Tribunal (NCLT) has held that a Resolution Professional (RP) is entitled to reclaim leased electric vehicles belonging to a Corporate Debtor during the Corporate Insolvency Resolution Process (CIRP) and also stated that preservation and recovery of assets forming part of the insolvency estate is a statutory obligation under the Insolvency and…

Cotswolds car company to be liquidated amid £111,000 debts

Liquidators from BTG Begbies Traynor have been appointed for Cotswolds Cars Ltd after the Woodstock-based company reported creditors of £111,070 falling within a year. That was as stated in its latest company accounts on Companies House which was for the year to August 31, 2024. READ MORE: VAT blamed as international private school’s Oxford site…

REVEALED: Latest business liquidations in Brisbane – The Courier Mail

REVEALED: Latest business liquidations in Brisbane  The Courier Mail Read the original article here

REVEALED: Latest business liquidations in Brisbane – The Courier Mail

REVEALED: Latest business liquidations in Brisbane  The Courier Mail Read the original article here

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Tasmanian government may have to pay $200m for Liberty Bell Bay remediation

Responsibility for rehabilitating and cleaning up the Liberty Bell Bay site could ultimately fall to the Tasmanian government, according to legal experts, after administrators failed to secure a buyer for the embattled manganese smelter. Administrators announced on Thursday that they had been unable to secure a buyer for the northern Tasmanian smelter, triggering its immediate…

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