NCLT Chennai Admits Ozone Projects To CIRP Over ₹212 Cr Default, Says Trustee Can Initiate Proceedings LiveLawBiz Read the original article here
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A UK construction company has plunged into administration after over in decade in business leaving over 100 people without a job. Torsion Construction Limited was appointed joint liquidators on July 29, according to The Gazette. The Leeds based company was founded in 2015, and specialised in residential and living sector developments. Most employees were reportedly…
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Directors and Creditors: Law and Liability Editors: John M Wood, Sofia Ellina, John Tribe £195, Oxford University Press ★★★★★ Few recent decisions have attracted as much attention as BTI 2014 LLC v Sequana SA, which clarified when directors must take creditors’ interests into account, confirming that this duty arises when a company…
The last-ditch efforts to save a retail giant with stores across Scotland and England were revealed last month. Attempts to save the firm that collapsed into administration with 1,300 jobs lost owing almost £20 million were unsuccessful. Administrators outlined a series of efforts to help the historic high street firm and added that creditors now face…
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Administrators outlined a series of efforts to help the historic high street firm and added that creditors now face losing £3m, my exclusive story revealed. The news follows the April closure of the last 154 Claire’s Accessories UK and Ireland stores led to 1,300 redundancies. It came after Philip Dakin, Benjamin Wiles and Janet Burt of…