Can Companies In Liquidation Seek Exemption From GST Pre-Deposit To File Appeals? Delhi High Court To Examine

The Delhi High Court will examine whether companies undergoing liquidation can seek exemption from the mandatory pre-deposit requirement under Section 107(6) of the Central Goods and Services Tax (CGST) Act. The issue is whether the requirement can be relaxed in view of the statutory distribution mechanism under the Insolvency and Bankruptcy Code (IBC). A Division…

Global Travel Partners Liquidation: How to File Refund Claims

Corporate travel booking firm Global Travel Partners has halted operations and entered formal liquidation proceedings. The company, which maintained dual registrations in Las Vegas and London, had arranged travel itineraries for corporate clients and retail travelers for 15 years. Customers with unfulfilled bookings must now pursue refunds through appointed insolvency officials, financial institutions, or travel…

Buyers circle collapsed Cue and Veronika Maine

Media reports have named two potential bidders vying to snap up collapsed fashion brands Cue and Veronika Maine, after the parent business fell into voluntary administration. According to the Australian Financial Review, Justin Levis, son of Cue founder Rod Levis, is one of them, with the masthead adding that the former executive director has secured…

Inside OzCar’s collapse: Whistleblower claims predatory culture and worthless warranties before the fall of dealership empire

Exclusive: For nearly three decades, OzCar positioned itself as one of Australia’s premier used car destinations. Promoting “fully serviced” vehicles backed by three-year warranties and money-back guarantees, the dealership network grew to span 16 locations across the nation under co-owner and prominent face Brett Dale. Ahmad Michman worked at OzCar between 2020 and 2022. A Current…