Virtue Developments was registered at Foxwood Lane, York, with directors listed as Jake Michael Andrew Calam and Reef Karl Wilson. The specialist construction business was incorporated in April last year and the business was wound up on September 30. Insolvency One of Leeds were appointed liquidators. RECOMMENDED READING: A liquidator’s report known as a statement…
York business enters liquidation with debts approaching £600,000 The York Press Read the original article here
The Supreme Court has held that the threshold for establishing default under Section 7 of the Insolvency and Bankruptcy Code (IBC) at the stage of admission of an insolvency petition is a summary, prima facie one, to be determined on the preponderance of probabilities from the documentary material on record. A Bench of Justices Dipankar…
Western Province Rugby faces a major financial deadline that could have serious consequences for its future A long-running dispute over a Newlands Stadium development deal has reached another critical stage The next two weeks could prove crucial as a creditor prepares its next legal move Newlands in happier times. Stormers hooker Scarra Ntubeni feeds a…
October 30, 2026October 30, 2026 Shares of Polycab India Ltd attracted buying interest and gained 2% on 30 October after the National Company Law Appellate Tribunal (NCLAT) cancelled the insolvency proceedings initiated against the company. The ruling removed a major legal concern that had put the wires and cables…
New Delhi [India], October 30 (ANI): The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings initiated against Polycab India Limited over an alleged operational debt of Rs 2.78 crore, directing that the company be released from the Corporate Insolvency Resolution Process (CIRP) and allowed to function independently through its board of…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings initiated against Polycab India Limited over an alleged operational debt of Rs 2.78 crore, directing that the company be released from the Corporate Insolvency Resolution Process (CIRP) and allowed to function independently through its board of directors with immediate effect.…
ANI | Updated: Oct 30, 2026 14:27 IST New Delhi [India], October 30 (ANI): The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings initiated against Polycab India Limited over an alleged operational debt of Rs 2.78 crore, directing that the company be released from the Corporate Insolvency Resolution Process (CIRP) and…
ALL staff at an Evesham craft store have been made redundant as a business founded by Dragons’ Den star Sara Davies enters liquidation. A total of 16 workers at Crafter’s Companion based at The Valley have lost their jobs along with 42 staff members at the company’s headquarters in County Durham. The news was…
The National Company Law Appellate Tribunal (NCLAT) has allowed an appeal filed by Polycab India Limited, setting aside a previous order from the National Company Law Tribunal (NCLAT) that had admitted the company into Corporate Insolvency Resolution Process (CIRP). This decision releases Polycab India from the rigours of CIRP, allowing it to function independently. NCLAT…