No Cookies | The Weekly Times

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Australian family operator acquires Ron Crouch Transport

An Australian operator has come to the rescue to acquire a transport business that entered voluntary administration last year. After Ron Crouch Transport entered voluntary administration in December, the long-standing business confirmed it would be seeking a buyer. Now, family-owned Australian transport business Freight Specialists has confirmed it has entered into an agreement with administrators…

NCLAT Affirms Corporate Separateness [Read Order]

In a recent ruling National Company Law Tribunal (NCLAT) has held that the insolvency of Think and Learn Pvt. Ltd( TLPL) does not restrict Akash Education Services Ltd from increasing its share capital, reaffirming that a subsidiary company retains its independent corporate identity despite its holding company undergoing insolvency proceedings The appeal arose from I.A.…

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Nanyang Optical plans to enter into voluntary liquidation after 65 years, will close 4 of 6 stores

The eyecare chain’s remaining two stores, which are under franchise arrangements, will continue operating and are unaffected [SINGAPORE] Established home-grown eyecare chain Nanyang Optical plans to enter into voluntary liquidation after 65 years of operations, following a review of the business by its directors. A meeting of Nanyang Optical’s creditors will be held on Feb…