Family-run Scottish haulage firm collapses into liquidation

JKM Transport Solutions Ltd, based in Armadale, appointed administrators on June 29. The news was published in the Edinburgh Gazette on Friday, with Companies House data also confirming the business has filed for insolvency. READ MORE: Protestors block busy Glasgow road after alleged sexual assault in the area George Lafferty, of BTG Begbies Traynor (Central)…

Failure to Deliver Possession Within Promised Timeline Constitutes Financial Default: NCLT Admits Project Specific CIRP [Read Order]

The National Company Law Tribunal (NCLT) New Delhi Bench admitted a Section 7 application filed by homebuyers after finding that the developer’s failure to hand over possession within the promised timeline constituted a financial default warranting initiation of the Corporate Insolvency Resolution Process (CIRP). The petition was filed by 176 allottees of a real estate…