The head office of Home Plus in Seoul. The cash-strapped discount chain faces the risk of liquidation after the court ended its rehabilitation proceedings. Photo by Home Plus July 3 (UPI) — South Korea’s Home Plus faces the risk of liquidation as the court halted the rehabilitation proceedings for the country’s troubled discount chain after…
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REVEALED: Latest business liquidations in Mandurah The Daily Telegraph Read the original article here
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EXCLUSIVE by STEVEN DOWNES National news: the closure of a Croydon bakery chain this week was covered widely, without many reporting Ranganathan’s loss of £400,000 in shares Romesh Ranganathan stands to lose up to £400,000 Staff were only informed of business’s closure by text message Since 2023, directors transferred £5.7m property assets to another company…
Liquidated Indian restaurant owes more than $300k to IRD, staff and other creditors thepost.co.nz Read the original article here
A SCOTTISH businessman has been banned from directing companies after attempting to smuggle tobacco hidden in furniture into the UK. Fazle Masum, who is based in Glasgow, was fined £153,000 for the attempted crimes, forcing his company Unique Enterprise Ltd into liquidation owing almost £175,000. Border Force officers intercepted a shipment addressed to Masum’s company…
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Legal experts said the amended Insolvency and Bankruptcy Act, 2026 requires proof of both debt and default before the NCLT admits insolvency cases. The amendments also introduce changes to resolution processes, liquidation rules and Competition Commission approval requirements Published Date – 3 July 2026, 07:08 PM New Delhi: The National Company… Read…