Grant Thornton strengthens Insolvency, Forensics and Restructuring team in Scotland – The Scotsman
Grant Thornton strengthens Insolvency, Forensics and Restructuring team in Scotland The Scotsman Read the original article here
Australia’s environmental not-for-profit Planet Ark goes into voluntary administration
Planet Ark Environmental Foundation, one of Australia’s largest environmental non-for-profits, has entered voluntary admission following a board review of the organisation’s “financial position and future viability”. What is voluntary administration? Have you also been pretending you know what voluntary administration actually means? Don’t worry. We asked an expert to explain in simple terms. The organisation’s…
Northern Ireland healthy ready meal firm goes into liquidation due to 'rising production costs and broader economic pressures' – Belfast News Letter
Northern Ireland healthy ready meal firm goes into liquidation due to ‘rising production costs and broader economic pressures’ Belfast News Letter Read the original article here
In case of emergency: Using emergency power provisions to appoint a voluntary administrator
When a company becomes financially distressed, directors are often required to act quickly and decisively. However, directors may at the same time find themselves held back by the requirements of the Corporations Act 2001 (Cth) (the “Corporations Act”) or their company constitution. Whilst it is not unusual for financially distressed companies to grapple with matters…
NCLAT rejects insolvency appeal against DLF over ₹4.65 crore dues
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed an appeal filed by Drilltech Engineers challenging the National Company Law Tribunal (NCLT) Chandigarh Bench’s rejection of its insolvency plea against real estate major DLF. A coram of Chairperson Justice Ashok Bhushan and comprising Technical Members Barun Mitra and Arun Baroka held that the existence…
Evergrande chair refuses to disclose assets, liquidators say
[HONG KONG] China Evergrande Group chairman Hui Ka Yan plans to refuse disclosing details of his assets, its liquidators said, likely complicating efforts to wind up the defaulted builder to pay back creditors. Hui expressed his intention in an Apr 23 response to the court, a lawyer representing the liquidators said in a Tuesday (Apr…
Ōrākei developer linked to liquidated firm accused of evading debt – Business Desk NZ
Ōrākei developer linked to liquidated firm accused of evading debt Business Desk NZ Read the original article here
Healthy ready meal firm Karri Kitchen enters liquidation – Grocery Gazette
Healthy ready meal firm Karri Kitchen enters liquidation Grocery Gazette Read the original article here
Major environmental not-for-profit Planet Ark goes into administration
One of Australia’s largest environmental not-for-profits, Planet Ark Environmental Foundation, has been placed into administration by its governing board. The long-time environment and recycling advocacy group was put into voluntary administration after a board review of the organisation’s “financial position and future viability”. Planet Ark has been advocating for recycling across Australia since 1991. One…
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