The judgment was passed on appeals filed by homebuyers who had booked apartments in the ‘Mantri Manyata Energia’ project developed by Mantri Technology Constellations Private Limited, now known as Buoyant Technology Constellations Private Limited. Construction and sale agreements were executed in 2016 and possession was to be handed over by December 31, 2018. The homebuyers…
Alpha DX Group Limited, incorporated in Singapore and listed on the Catalist board, is in compulsory liquidation alongside three wholly owned subsidiaries in creditors’ voluntary liquidation. These entities include Asnaro Enterprises Pte. Ltd., Conquest Energy Pte. Ltd. and JK E&P Group Pte. Ltd., highlighting a broad-based collapse of the group’s operating structure. Liquidators for the…
The Supreme Court on Monday ruled that promoters and directors of companies undergoing insolvency proceedings cannot use the moratorium under the Insolvency and Bankruptcy Code (IBC) as a shield against consumer complaints filed by homebuyers, Times of India reported, clarifying that the protection applies only to the corporate debtor and not to individuals managing the…
REVEALED: Latest business liquidations in Bayswater The Daily Telegraph Read the original article here
‘Left carrying the cost’: Architects blame light rail axe for financial trouble NZ Herald Read the original article here
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Aquafil UK shut the doors of its North Ayrshire facility three years ago, with the loss of around 40 jobs. The Mill Road factory had been operating in the town for many years before Italian multinational Aquafil took over the business from W&J Knox in 2014. Now, liquidators from BDO have been appointed for the…
REVEALED: Latest business liquidations in Scenic Rim The Courier Mail Read the original article here
Collapsed Aussie activewear brand Stax has more than $1.7 million in outstanding orders owed to thousands of customers, along with thousands owed to employees and other creditors. The embattled brand’s financial affairs have been laid bare in a new liquidators’ report to creditors. After being placed into receivership in June, Stax entered voluntary liquidation on…
A UK travel company that has been in business for 22 years has plunged into liquidation. Yourtravelshop.com ltd organised thousands of pilgrims across the world. According to its website, the Ilford-based organisation has planned Hajj, Umrah, and Ziyarat journeys for over 35 years, officially operating as yourtravelshop.com Ltd since 2004, as per Companies House. On…