North East Rig Out (Aberdeen) Limited ceased trading with the loss of eight jobs. The company made workwear across a range of industries and school uniforms. MHA was appointed liquidator, and the company’s assets have been sold. MHA said that the company was impacted by the “prolonged downturn” in the energy industry in Scotland. Michael…
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KRA loses Sh3.3bn claim as former Java House owner to be liquidated Business Daily Read the original article here
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NCLT closes insolvency proceedings against Nobility Estates, developer of ATS’s ‘Le Grandiose’ project in Noida. This follows a settlement with lenders, approved by 92.52% of creditors, ending the CIRP initiated in November 2023. The National Company Law Tribunal (NCLT) has closed the corporate insolvency resolution process (CIRP) against Nobility Estates Private Limited, the developer of…
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The National Company Law Tribunal (NCLT) has closed the corporate insolvency resolution process (CIRP) against Nobility Estates Private Limited, the developer of the ATS Group’s ‘Le Grandiose’ housing project in Noida, following approval of a settlement between lenders and the company’s former management. The decision was issued by the NCLT Principal Bench, consisting of Acting…