The case involved the liquidators of construction company, PBS Building (Qld) Pty Ltd (PBS), seeking access to funds held in PBS’ project and retention trust accounts to meet their costs, expenses and remuneration. The Supreme Court of Queensland determined that the Building Industry Fairness (Security of Payments) Act 2017 (Qld) (BIF Act) excluded the…
Last six Hudson’s Bay stores also headed for liquidation — unless a solution is found by April 4 Toronto Star Read the original article here
“This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support,” Tiffany Bourré, spokesperson for HBC, told the Globe. Corporate layoffs follow bonus announcements While corporate layoffs are underway, store employees are being retained to manage clearance events. Both physical stores and…
Dentist funding warning after collapse of company with 65 practices and 500,000 patients across Scotland The Scotsman Read the original article here
North East liquidation levels rocket as rising costs bite, new figures reveal Business Live Read the original article here
Karnataka High Court quashes sale of UB City unit, orders its auction Deccan Herald Read the original article here
THE parent company behind one of Scotland’s largest dental groups has entered liquidation, it has been announced. Beatty Topco Limited, whose registered office is in Leeds, is the parent company of Clyde Dental Practice Ltd and Clyde Munro Group Limited, which operate 65 dental practices across Scotland. It was announced on Monday that Investec Bank’s private…
Clive Schmulian – Founder of Clyde Dental Practice Beatty Topco Limited, the holding company for major Scottish dental organisation Clyde Munro Group Limited and Clyde Dental Practice Ltd, has entered voluntary liquidation with BDO appointed as administrators. Despite the financial collapse, patient care will remain uninterrupted, with the 65-practice network across Scotland continuing to operate…
Cracking the code Despite negatives, the IBC’s processes have matured Prominent voices such as the former governor of the Reserve Bank of India (RBI), Shaktikanta Das, have raised concerns about the long delays and low recoveries in the corporate insolvency resolution process (CIRP) and called for changes. Despite more resolution plans seeing approval, the average…
The National Company Law Tribunal (NCLT), New Delhi bench of Justice Ashok Kumar Bhardwaj (Judicial Member) and Anil Raj Chellan (Technical Member) has held that third parties who sold land to the Corporate Debtor cannot be said to fall within the ambit of expression “any persons who were knowingly parties to the carrying on the…