“Our primary goal in bringing the liquidation proceeding was to ensure the preservation of investor funds to the extent possible,” said Margot Gatland, the FMA’s head of enforcement, in a media release. “The Court’s judgment confirms the FMA’s concerns about the management of these companies.” Read the original article here
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A petition against Café Gandolfi Limited, of Albion Street, was presented to Glasgow Sheriff Court for His Majesty’s Revenue and Customs in April. Now a liquidator of the company was appointed. Liquidator appointed to restaurant after HMRC court action (Image: Gordon Terris) Colin Murdoch, an insolvency practitioner at Murray Stewart Fraser, was appointed liquidator, according to a…
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Kearsley Airways Limited, registered in Allins Lane, East Hendred, has operated in the aerospace component repair sector since 1947. Its engineering facility at London Stansted Airport has enabled it to dispatch and service civil and military aircraft components worldwide, including Boeing 737 Classic and NG series parts. The company describes itself as a “leading specialist”,…
Key Highlights True North Copper entered voluntary administration in October 2024, was recapitalised through a AUD 50.3 million underwritten placement at AUD 0.005 and a one-for-100 share consolidation, and was reinstated to ASX quotation in January 2025; it currently trades under its original name and TNC ticker. The company is pre-revenue: mining at…
The National Company Law Tribunal (NCLT) at Chennai has admitted an insolvency petition against Pradhin Limited after finding that the financial creditor had established the existence of a financial debt and default of ₹12.98 crore. The shares of Pradhin Limited are listed on Bombay Stock Exchange Limited. The tribunal initiated the Corporate Insolvency Resolution Process…
Autagco Ltd. has reported that Singapore’s tax authority has issued original Notices of Assessment for its liquidating subsidiaries Superfood Kitchen and The Green Bar for the 2026 and 2027 assessment years, confirming no tax payable for either entity. With the tax position clarified, the appointed liquidator will now move to convene final meetings of creditors…
Fatburger owner Fat Brands received court approval for its liquidation plan. | Photo: Shutterstock. In the end, the Fat Brands bankruptcy process didn’t take that long after all. A U.S. bankruptcy court gave the go-ahead for the company’s liquidation plan, signaling the beginning of the end of a case that had started with a rash…