Four employees of a liquidated Mexican fast-food chain are escalating a dispute over unpaid wages and holiday pay. The dispute hinges on the liquidation of holding company JV No 6, which ran a Mad Mex restaurant in the Westfield St Lukes food court. The restaurant shut in September 2023, the day after James Tucker, owner…
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A firm linked to the ex-owner of the Crooked House pub, which was gutted by fire before being demolished illegally, has gone into liquidation with debts of £1.2m. Himley Environmental Ltd (HEL), which owns the 15-hectare Oak Farm Quarry and Landfill site adjacent to the pub, which was reduced to a pile of bricks nearly…
Pars United achieved that goal thanks to the “magnificent efforts” of the black and white faithful and now the community interest company will go into voluntary liquidation. It began on April 1, 2013 when supporters, including the Pars Supporters Trust, put up £100,000 to enable administrators to take over the financially-stricken club – the…
Another one of California’s largest cannabis operators plans to liquidate assets after mounting financial losses and operational challenges. Gold Flora Corp., one of the state’s largest cannabis retail chains, is entering receivership after defaulting on a $11.5 million loan. The company said in a press release its seeking court protection as a result of lawsuits related to its 2023 acquisition of…
A high street fashion brand has gone bust after closing 35 stores earlier this month as staff are told they won’t get redundancy pay or wages. It is understood that insolvency firm Moorfields has launched a wind down of the Select Fashion after a creditors’ meeting was held last Friday to approve a voluntary liquidation. None…
Atlas 365 Group Ltd and Clyde Bars Ltd have hit financial trouble, both have a registered address at Dunnock Road in Dunfermline and both have Neville Taylor listed as sole director. In January he was banned from being a company director for nine years for his part in a scheme in which £7.6 million went…
Morarjee Textiles Continues Insolvency Resolution Efforts TipRanks Read the original article here
Introduction to Insolvency Law and Important Concepts – Introduction to Insolvency Law, important concepts, understanding insolvency, bankruptcy, liquidation, and restructuring. – Evolution of Indian Insolvency Law – Pre-IBC framework, the need for reform, and the enactment of IBC, 2016. – Key Features of IBC, 2016. Read the original article here
Himley Environmental, which operated a landfill site next to the pub, has been put into voluntary liquidation following court action over environmental breaches. At the time of the breaches, the company was controlled by Adam Taylor, who is sole director of the company which bought the Crooked House from Wolverhampton-based pub group Marston’s in 2023.…