UK furniture manufacturer collapses into liquidation – '35 years' experience' – MSN
UK furniture manufacturer collapses into liquidation – ’35 years’ experience’ MSN Read the original article here
Tragic end to 158-year diamond mining era
The five miners who are trapped underground on the lowest mining level of the Du Toitspan mine in Kimberley following an underground water flood and mud rush early last week on the 890-metre level are now presumed deceased. In a statement issued by the chief executive officer of Ekapa Resources and Ekapa Minerals, Jahn Hohne,…
Council chief banned after pub goes into liquidation over tax bill
Andrea Manson, the civic head of Shetland Islands Council, was disqualified after her former business, Mid Brae Inn Limited, went into liquidation owing HM Revenue and Customs (HMRC) more than £170,000 in tax. Council convener Manson, 67, was one of two directors of the company that operated the Mid Brae Inn pub. An investigation by…
Kiwifruit labour companies run by Ajaypal Singh in liquidation allegedly owing $57m in unpaid tax
Gurukirpa Contracting owed $9,411,130 in unpaid tax, according to the final liquidation report filed by the Official Assignee in December. In response, Singh failed to file the company’s statement of affairs and the business was liquidated without any assets being discovered to repay the tax debt. Singh now faces the possibility of being banned as…
Ekapa Mine in Kimberley goes into liquidation
KIMBERELY – Nkosikhona Lila, an official of the National Union of Metalworkers of South Africa (Numsa), confirmed today, Wednesday 25 February, that Ekapa Minerals Mine in Kimberley went into liquidation as from 12:00 today. No official statement from the company has been forthcoming. The sudden liquidation of the company, the union’s exclusion from the process,…
Missing Ekapa miners left behind as company shuts down
JOHANNESBURG – The Ekapa mine in Kimberley has shut down with immediate effect. The five workers who were trapped underground are now presumed dead. The company has also applied for liquidation. Meanwhile, 385 workers have reportedly not been paid this month. In a statement, the company said: “After careful consideration of all operational, financial and…
Nacon Files for Insolvency Ahead of Planned March Showcase
After revealing that the writing is on the wall, the known AA publisher and accessory maker Nacon has filed for insolvency, putting the company in jeopardy. Last week, it was reported that Bigben Interactive (Nacon’s parent company) was facing serious financial issues that were affecting its subsidiaries’ businesses. According to a Traxion report, Nacon temporarily suspended…
Section 7 IBC| Corporate Debtor Cannot Indirectly Raise “Pre-Existing Dispute” Defence Against CIRP Admission: Supreme Court
The Supreme Court held that in proceedings initiated by a financial creditor under the Insolvency and Bankruptcy Code 2016, the adjudicating authority is required only to examine the existence of a financial debt and default, and that the defence of a pre-existing dispute is inapplicable. The Court was hearing a Civil Appeal filed under Section…
Backpackers and PALM scheme workers scrambling for jobs after Dicky Bill shutdown
The unexpected shutdown of Australian herb and salad grower Dicky Bill has left backpackers and Pacific Australia Labour Mobility (PALM) scheme workers scrambling for new jobs. More than 180 people were working at Dicky Bill Australia’s Queensland and Victorian farms when they suddenly found themselves unemployed last week as the family-run company went into voluntary…
Dixon Advisory files for voluntary administration as claims mount
Embattled wealth management firm Dixon Advisory has filed for voluntary administration after its directors determined that mounting liabilities from class actions, settlements and regulatory penalties would leave the entity insolvent. In a statement to the ASX on Wednesday, the firm’s parent company, E&P Financial Group, said PwC partners Stephen Longley and Craig Crosbie had been…