Under Royal Decree 18/2019, the Commercial Companies Law provides a strong safety net for those owed money, ensuring they are not forgotten when a business dissolves. When a company enters liquidation, whether by shareholder decision or court order, creditors are given clear rights that put them first in line before anyone else gets paid. In…
In an announcement to its members, the Geospatial Council of Australia (GCA) revealed last Friday that it has officially entered liquidation, effective Thursday, 21 August 2025. The statement, titled “Liquidation-Final,” expressed deep regret but underscores that the decision was unavoidable after exhaustive efforts involving administrators and the geospatial community to salvage the organisation. After months under voluntary administration—initiated in late May…
Motorcycle firm in administration Motorcycle firm in administration The Business Pages of GoAutoNews Read the original article here
Sections 7 and 9 of the IBC Section 7 of the IBC deals with applications made by financial creditors in respect of defaults in payment of financial debt. Whereas, Section 9 of the IBC deals with applications made by operational creditors in respect of defaults in payment of operational debts. The process of initiating CIRP…
A string of UK travel firms have collapsed in recent months with customers reporting cancelled holidays as companies enter liquidation or administration. Oxfordshire Travel Limited, previously based in Oxfordshire, went into creditors’ voluntary liquidation on October 30, 2025, according to Companies House. The company, registered under number 09515078, is listed as operating in “other passenger…
Multiple UK travel firms collapse leaving holidays and trips in limbo Herald Series Read the original article here
Multiple UK travel firms collapse leaving holidays and trips in limbo Oxford Mail Read the original article here
The modern revival of the East India Company, a luxury retail brand in London, has entered liquidation after running up debts exceeding £950,000 and shutting stores in 2025, yet its chairman insists the historic brand and holding company remain intact. The revived East India Company once the most powerful trading corporation in world history before…
Supplied ContentAuckland, February 27, 2026 In a significant development, Iconic Food 4 Less New Lynn Ltd has entered into liquidation. The High Court in Auckland made this decision on February 24, 2026, following a petition from a creditor, supported by other major creditors. Pritesh Patel, a Licensed Insolvency Practitioner, is the Court-Appointed Liquidator. The Liquidator…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…