The High Court in Nairobi has halted proceedings in the insolvency dispute involving logistics firm Multiple Hauliers (EA) Ltd, ruling that a Court of Appeal stay order applies to both the company’s administration and liquidation cases after they were consolidated. The decision blocks creditors pursuing liquidation over claims arising from a Sh532 million debt owed…
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Global Vision International (GVI), based in Exeter, offered charitable travel programmes across the globe for 28 years, providing placements in conservation, education, and community development in countries such as Costa Rica and Fiji. The company announced its closure at the start of July, leaving customers unable to travel. Many of those affected are gap year…
The compulsory liquidation relates to the 6 Bells Pub Group Limited, listed at comes Moncrieffe Road. A petition was presented to Airdrie Sheriff Court by the Advocate General for Scotland on behalf of the Commissioners for His Majesty’s Revenue and Customs seeking that the company “be wound up by the court and to appoint a liquidator”. The…
The UK government has opened a consultation on the Insolvency Rules, seeking views on whether the current framework remains clear, proportionate and fit for modern practice. For David Menzies, director of practice at ICAS, the consultation raises important questions about procedure, creditor engagement, remuneration, digital processes and the scope of future reform. The consultation forms…
Independent agency Espresso Communications has entered voluntary liquidation after two decades in business, with creditors owed more than $450,000. The technology-focused PR agency entered liquidation on 9 July, seven months after Mumbrella revealed founder Corrie McLeod was scaling back the business and had ceased working with one of its major clients, IT company NetApp. An…
Scottish gin producer Secret Garden Distillery has gone into voluntary liquidation and is no longer trading. Kate Armstrong and her daughters took on the Secret Garden Distillery business in 2022 Gareth David Wilcox and Mark Harper of Opus Restructuring have been appointed joint liquidators of the company. The company was placed into liquidation on 1…
Market snapshot: McLeod Russel India has reportedly obtained approval from the National Company Law Tribunal (NCLT) to withdraw a ₹444.55 Crore insolvency petition (as stated in the source alert; not independently verified). This follows the company’s successful formulation of a debt restructuring package with the National Asset Reconstruction Company Limited (NARCL) to resolve its long-standing…
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Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The corporate regulator has launched legal action to wind up financial planner Capital Guard, citing serious concerns about the firm’s handling of $17.4 million worth of investor funds. The Australian Securities and Investments Commission (ASIC)…