P.M Straw (Builders) Ltd was a long-established firm and was established in 2002. Companies House lists the sole director as Stephen Straw. The company, which was registered at Bagdale, Whitby, entered voluntary liquidation on August 19. RECOMMENDED READING: Westgates Restructuring of Hull was appointed liquidator. A liquidators’ report known as a statement of affairs outlined…
A construction company based in West Yorkshire is being voluntarily wound up. Stone Cutter Developments Limited, which has its registered office at Clouds Fern, Park Lane in Queensbury, is being liquidated following a declaration of solvency by its directors. It is expected that all creditors will be paid in full. Resolutions to wind up the…
NCLT President pitches raising insolvency threshold to Rs 5-10 crore Moneycontrol.com Read the original article here
The Supreme Court stressed that admission fundamentally alters the nature of insolvency proceedings. Management passes to the resolution professional, claims from creditors are invited and a Committee of Creditors (CoC) is constituted, the Court said. Hence, the CIRP can continue even in the absence of the original applicant, the Court underscored. The Court held that…
Kenya’s Copia heads to liquidation as assets fall far short of debts Techpoint Africa Read the original article here
Kevin William Peare & Sons (KWP & Sons) offers a range of construction and home improvement services. Services offered include building and refurbishment works, kitchens and bathrooms, electrical works and plumbing. The KWP & Sons website reads: “We are a family-run business based in Surrey and have over 50 years of experience. “We are proud…
Kevin William Peare & Sons (KWP & Sons) offers a range of construction and home improvement services. Services offered include building and refurbishment works, kitchens and bathrooms, electrical works and plumbing. The KWP & Sons website reads: “We are a family-run business based in Surrey and have over 50 years of experience. “We are proud…
Home/Corporate Laws/NCLAT upholds Liquidator Power to Evict Occupants from Corporate Debtor Assets; Finds IBC Prevails Over Rent Act [Read Order] Corporate LawsLaw Report NCLAT upheld eviction as unregistered leases, unpaid rent, and related-party occupancy justified Liquidator’s possession claim. The case number, coram and counsel for this order are part of the subscriber record. Citation 2026…
News – Fraudulent Sec 9 Plea Doesn’t Automatically End Insolvency Process: SC thelawadvice.com Read the original article here
When a business sells everything to settle obligations with creditors and distributes leftover cash to shareholders and other claimants because it is about to end operations, the financial statement preparation must shift from a going concern basis to a liquidation basis. Liquidations can become imminent for businesses in any industry, and they usually happen under…