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Broad Street Realty files for Chapter 7 bankruptcy liquidation The Business Journals Read the original article here
When a company enters liquidation, a liquidator is appointed to maximise the pool of assets available to repay creditors. To do this, they often review transactions made before liquidation and may seek to have some of them ‘set aside’ under the Corporations Act 2001 (Cth). You’re out of free articles for this month One of…
“We have been advised by the company’s accountants that no financial statements were prepared,” the liquidators said. Liquidators are now working to trace funds and recover what they can for Inland Revenue. Big flipper Prakash has previously been named by the Herald as one of New Zealand’s biggest flippers. His trading network was so prolific…
A coffee supplier in the UK has ceased trading and has been placed into voluntary liquidation despite having over £1m in assets. Instant Coffee Supplies Limited, based in Surrey, revealed its decision to liquidate the company in its financial statement on Wednesday, March 18. Director of Instant Coffee Supplies Ltd, Trevor Geoffrey Blashfield, 81, confirmed…
Long-time Exemplar customer left standing on footpath as company goes into administration newsport.com.au Read the original article here
Liquidators appointed to wind up Cotton On, creditors notified to make claims by 20 April Cotton On, a mainstay of Singapore’s retail scene for close to 20 years, is set to close all of its 30 stores in Singapore. This will happen as it has entered voluntary liquidation, according to a notice in the Government Gazette…
Cotton On Asia to wind up Singapore entity Inside Retail Asia Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has provided significant relief to real estate firm Vatika by restricting the insolvency proceedings to its Gurgaon-based project, ‘Aspirations’. This modification of an earlier National Company Law Tribunal (NCLT) order ensures that the Corporate Insolvency Resolution Process (CIRP) does not affect Vatika’s other projects, a decision undertaken…
Access Denied You don’t have permission to access “http://www.financialexpress.com/business/news/insolvency-bill-gets-ls-nod-to-cut-resolution-delays/4189440/” on this server. Reference #18.cd672817.1774878756.95dc0cd7 https://errors.edgesuite.net/18.cd672817.1774878756.95dc0cd7 Read the original article here