UK railway firm enters liquidation after 74 years with all operations stopped – This Is Oxfordshire
UK railway firm enters liquidation after 74 years with all operations stopped This Is Oxfordshire Read the original article here
Strategies for Swifter Resolution: DFS Takes Charge of Insolvency Cases
In a determined effort to expedite insolvency resolutions, the Department of Financial Services Secretary M Nagaraju led a crucial review meeting on Monday. Officials from the DFS, heads of Public Sector Banks, and representatives from the Insolvency and Bankruptcy Board gathered to assess the progress of unresolved cases at the National Company Law Tribunal…
UK cargo company collapses leaving Evri parcels undelivered – Oxford Mail
UK cargo company collapses leaving Evri parcels undelivered Oxford Mail Read the original article here
UK railway firm enters liquidation after 74 years with all operations stopped – Stroud News and Journal
UK railway firm enters liquidation after 74 years with all operations stopped Stroud News and Journal Read the original article here
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Historic British company name comes a cropper again as liquidation announced | UK | News
A company which ruled over swathes of India has closed for a second time. The original East India Company was founded by Royal Charter in 1600 and continued until 1874 when it was dissolved by the British Government. In 2010, the company was revived by Indian entrepreneur, Sanjiv Mehta, who bought the rights to the…
Innovative UK railway firm enters liquidation after 74 years
HIRD Railway Services, which was founded back in 1952, had liquidators appointed on Friday, February 27. It is a supplier of specialist track-related products and services, including IBJs (Insulated Block Joints), heritage rail supplies, and network-approved new rails to the railway industry. HIRD Railway Services describes itself as an “innovative” provider of “industry-leading infrastructure solutions”.…
Evri issues update on undelivered parcels after British courier firm collapses into liquidation
A British courier firm has formally gone into liquidation, leading to disruption for deliveries across its network. The development has resulted in delays for some Evri customers, with the parcel service issuing an apology for the inconvenience caused. Pedal and Post, the Oxford-based eco-friendly courier firm that pioneered bicycle deliveries in urban areas, has officially…
Major airlines collapse into liquidation as all flights cancelled – in business since 2002 | UK | News
A major airline company has plunged into administration as it cancelled all its commercial flights. Royal Air Philippines has cancelled all of its commercial flights with over 3500 passengers affected. According to the reports, the Manila-based airline’s halt stranded roughly 3,000 to 4,000 passengers holding bookings from January through March, all seeking refunds and new…
Cheque Drawn From Director’s Personal Account Cannot, At Summoning Stage, Rule Out Company’s Liability Under Section 138 NI Act: Delhi HC
The Delhi High Court has held that the mere fact that a cheque was drawn on the personal account of a director does not automatically absolve a company of liability under Section 138 of the Negotiable Instruments Act, 1881 (‘NI Act’) at the summoning stage. Justice Anup Jairam Bhambhani observed that if such a cheque…