The bankruptcy watchdog on Tuesday proposed a raft of steps, including the exclusion of completed or unaffected housing projects from the rescue process with financial creditors’ approval, as it sought to streamline regulations and expedite insolvency resolution in the real estate sector. In a discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) also…
Alternative Liquidity Fund nears asset sales, liquidation Investing.com Read the original article here
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It said not paying tax “creates an unfair advantage over businesses that are doing the right thing and affects the revenue needed to fund public services”. Lighthouse Financial managing director Matthew Harris said the company had seen a huge increase in enforcement, ranging from “simple phone calls to taking money out of the business bank…
Following the completion of a managed wind-down (initially proposed at the end of 2024), the JPMorgan Global Core Real Assets Trust has announced a voluntary liquidation. The trust’s holdings have been fully redeemed, and the cash proceeds received, with the unaudited net asset value per share as of the end of May standing at 92.7p.…
UK Tourists Face Widespread Disruption after Established Group Travel Company Initiates Insolvency Proceedings and Calls off Future Trips Travel And Tour World Read the original article here
The National Distillery Company in New Zealand has gone into voluntary liquidation after owing more than NZ$2.2 million (US$1.24m) to creditors. National Distillery Company took inspiration from hot cross buns for a limited edition vodka in 2021 The Napier-based spirits producer was placed into liquidation on 15 June. Adam Botterill and Damien Grant, licensed insolvency…
The company behind one of Jersey’s best-known farm shops has taken the next step towards liquidation. Creditors of Fauvic Nurseries Limited, which traded as Holme Grown, have been called to a meeting at the business’s premises next month where they will be asked to vote on a resolution to wind up the company. They will also consider…
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