In a recent ruling, the Madras High Court has set aside the enforcement of a ₹34.5 lakh MSME holding that the claim stood extinguished once the company entered the Corporate Insolvency Resolution Process (CIRP). The dispute arose when Conveyor Engineering obtained an award of ₹34.5 lakh from the MSME Council and sought to enforce it…
Reynolds has identified three secured creditors, including Farmlands Co-operative Society, Prospa and Farmlands Finance, all of which have claims to all present and future acquired personal property. Although, no numerical amount has been attached as owing for these creditors. The bulk of the debts owed that have been identified are to the Inland Revenue Department…
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The Providore shuts all Singapore outlets amid liquidation Inside Retail Asia Read the original article here
An “industry-leading” UK railway firm has entered liquidation after 74 years of business. HIRD Railway Services, which was founded back in 1952, had liquidators appointed on Friday, February 27. It is a supplier of specialist track-related products and services, including IBJs (Insulated Block Joints), heritage rail supplies, and network-approved new rails to the railway industry.…
Max Key hints at ‘tell all’ after construction firm collapses, owing his company ‘six figures’ Stuff Read the original article here
REVEALED: Latest business liquidations in Casey Herald Sun Read the original article here
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