New Delhi, Jul 30 (KNN) The Supreme Court has clarified that the moratorium under the Insolvency and Bankruptcy Code (IBC), 2016 applies only to the corporate debtor and does not extend to promoters, directors, or other associated parties in consumer disputes. The ruling came while hearing appeals against an order of the National Consumer Disputes…
Staff in the dark after Burger Burger collapses into liquidation Waikato Times Read the original article here
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Liquidators from Xeinadin Corporate Recovery Limited were appointed for Atamate Limited on July 23, with the manufacturer of computers subsequently passing a resolution that the business be wound-up voluntarily. This comes after Atamate reported creditors falling due within one year of £5,110,665 in its latest accounts to December 31, 2025. READ MORE: Multiple UK recruitment…
Supreme Court: While deciding appeals concerning the effect of a moratorium under Section 14, Insolvency and Bankruptcy Code, 2016 (IBC) on pending consumer proceedings, a Division Bench of Vikram Nath* and Sandeep Mehta, JJ., held that the statutory moratorium operates only against the corporate debtor and cannot be extended to promoters, directors, landowners or other…
Private school ‘hijacked’ by three companies after it was liquidated News24 Read the original article here
KEYNSHAM company 4Concrete has gone into voluntary liquidation, with debts of £600,000. It is understood that the site in Avon Mill Lane has been taken over by Wright Readymix and that operations there are continuing much as before. The winding-up of 4Concrete was revealed in an insolvency notice in The Gazette, an official journal of…
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Those payments were substantial. Under two stock purchase agreements dated July 16, 2021, SHP agreed to buy 5.5 million shares for US$8.35 million, paying US$5.1 million to Medipure and US$3.3 million to a major shareholder. No shares were issued because a securities regulator’s cease trade order was in effect. SHP later lent Medipure money as well, raising the loan to US$11 million…