Dharan Infra-EPC Limited, which is under Corporate Insolvency Resolution Process, has reported ongoing issues in complying with information requests from the Securities and Exchange Board of India. Despite repeated summons and reminders, the company’s suspended directors, key managerial personnel and statutory auditor have failed to provide the pending records and data sought by the regulator.…
A UK court has ordered the liquidation of Key Coin Assets Ltd, a cryptocurrency investment firm that promised investors returns of 40% to 100%, after investigators found the operation showed classic signs of a Ponzi scheme. The UK Insolvency Service, which brought the case, said there was no evidence that the company ever engaged in…
Australian Pacific Coal Enters Voluntary Administration as Dartbrook Sale Proceeds TipRanks Read the original article here
NCLT Bengaluru Dissolves Infotech HAL After Completion Of Liquidation Process LiveLawBiz Read the original article here
The National Company Law Tribunal (NCLT) at Chennai on 7 August admitted Gangotri Textiles Limited‘s application under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), thereby initiating Corporate Insolvency Resolution Process (CIRP) against it. A Bench comprising Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy observed: “….this Tribunal is satisfied that…
A lord ordinary has ordered that the director of an insolvent healthcare waste disposal company be disqualified from company management for nine years, after finding that his conduct in the run-up to the company’s liquidation amounted to an “egregious breach” of his director’s duties. A healthcare waste disposal company founded by the respondent was wound…
State Fayre Ltd, which acquired the bakery business on Middleton Road, Crumpsall, in 2017, was wound up and placed into creditors’ voluntary liquidation earlier this month. The business, which has roots dating back to 1905, supplies bread products, fresh pastry goods and cakes to supermarkets and other retail outlets, restaurants and bars, as well as…
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All 25 jobs saved after rescue deal for established Manchester bakery TheBusinessDesk.com Read the original article here
The jobs of all 25 employees at Manchester kosher bakery State Fayre, whose roots date back to 1905, have been savedafter a sale secured its future. State Fayre Ltd, which acquired the bakery business on Middleton Road, Crumpsall, in 2017, was wound up and placed into creditors’ voluntary liquidation earlier this month following sustained financial…