China Evergrande's unit receives liquidation order from Hong Kong court – New Straits Times
China Evergrande’s unit receives liquidation order from Hong Kong court New Straits Times Read the original article here
‘Cronxortium’ stages phoenix operation to continue trading
What they call a “Cronxortium” has come together to salvage a New Addington brewery. Coming up smelling of hops: phoenix brewer Mark Russell But rather than save the Cronx Brewery company, the group has staged what is known as a “phoenix operation”, potentially evading tens of thousands of pounds’ worth of debts while leaving other…
Ankit Metal & Power Advances in Insolvency Resolution Process – TipRanks
Ankit Metal & Power Advances in Insolvency Resolution Process TipRanks Read the original article here
China's Shimao drops 15% after developer receives liquidation petition – Reuters
China’s Shimao drops 15% after developer receives liquidation petition Reuters Read the original article here
Family-run car dealer closes down at Christmas as 24 people lose jobs over festive period – Car Dealer Magazine
A family-run car dealer has closed down suddenly, leading to 24 staff members being made redundant just days before Christmas. Blackdown Motor Company has been selling cars across Somerset for more than 50 years but has now ceased trading after facing ‘extremely challenging conditions’. Records on Companies House show that an extraordinary resolution to wind…
Eviction of Tenant from Corporate Debtor’s Property Cannot be Sought Under u/s 60(5) of IBC
It was viewed that there has been no change of the tenancy rights of the Appellants by way of a contract and the law which is to operate in respect of termination of tenancy are the provisions of the Act and not the Code The New Delhi Bench of the National Company Law Appellate Tribunal…
Employee Claims and Ongoing Verification
Byju’s corporate insolvency resolution process (CIRP) disclosed important claims made by workers. These workers are demanding unpaid debts. Together, these workers—who are also operational creditors, have submitted claims totaling ₹177.5 crore. However, Pankaj Srivastava, is the selected dispute resolution professional (RP). He has only provisionally admitted a small portion of these claims₹32.56 crore. Breakdown of…
Revenue asks the High Court to wind up third company linked to troubled BlackBee investment group – MSN
Revenue asks the High Court to wind up third company linked to troubled BlackBee investment group MSN Read the original article here
Revenue seeks winding up of third company linked to Cork-based BlackBee group
Revenue is asking the High Court to wind up a third company that is linked to the troubled Cork-based BlackBee investment group. Mr Justice Oisín Quinn on Monday agreed to adjourn Revenue’s petition for four weeks after hearing that the Corporate Enforcement Authority (CEA) wants to file an affidavit in the case. No details of…
Young family left homeless after caravan company collapses – MSN
Young family left homeless after caravan company collapses MSN Read the original article here