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SC: Section 14 IBC moratorium binds only corporate debtor

Supreme Court: While deciding appeals concerning the effect of a moratorium under Section 14, Insolvency and Bankruptcy Code, 2016 (IBC) on pending consumer proceedings, a Division Bench of Vikram Nath* and Sandeep Mehta, JJ., held that the statutory moratorium operates only against the corporate debtor and cannot be extended to promoters, directors, landowners or other…

Keynsham concrete firm in voluntary liquidation

KEYNSHAM company 4Concrete has gone into voluntary liquidation, with debts of £600,000. It is understood that the site in Avon Mill Lane has been taken over by Wright Readymix and that operations there are continuing much as before. The winding-up of 4Concrete was revealed in an insolvency notice in The Gazette, an official journal of…

No Cookies | Daily Telegraph

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No Cookies | Daily Telegraph

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BC court refuses creditor’s bid to add directors to oppression claim

Those payments were substantial. Under two stock purchase agreements dated July 16, 2021, SHP agreed to buy 5.5 million shares for US$8.35 million, paying US$5.1 million to Medipure and US$3.3 million to a major shareholder. No shares were issued because a securities regulator’s cease trade order was in effect. SHP later lent Medipure money as well, raising the loan to US$11 million…

No Cookies | Daily Telegraph

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…