Alex Shorthose paid himself almost £400,000 across two companies while paying HM Revenue and Customs (HMRC) just £5,368 Both companies were shut down in 2024 after running up combined debts of more than £300,000 in unpaid VAT and PAYE Shorthose has been banned as a company director until April 2032 following investigations by the Insolvency…
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Sentoria Shares To Be Suspended Following Winding-Up Orders BusinessToday Malaysia Read the original article here
Geotech Hearing on Subsidiary Liquidation Adjourned, No Winding-Up Order Issued TipRanks Read the original article here
When Brazil’s Central Bank liquidated Entrepay and other companies in its group at the end of March, it marked the first time in the country’s history that a card acquirer had been subject to intervention. Now, a court decision allowing a company to effectively bypass card networks—key operators of payment arrangements—has added further uncertainty to…
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In this image received on April 11, 2026, Cash seized by ED during a raid against an insolvent real estate company is displayed, in New Delhi. (PTI) New Delhi: The Enforcement Directorate (ED) has seized Rs 6.3 crore in cash and jewellery worth Rs 7.5 crore following searches against a Delhi-based real estate company accused…
Can a stock exchange continue to freeze the assets of a corporate debtor even after the commencement of insolvency proceedings? More importantly, does such regulatory action survive the overarching framework of the Insolvency and Bankruptcy Code, 2016 (“IBC”), which seeks to preserve and maximize the value of the debtor’s assets? These questions recently came into…
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Bolen Ng, National Manager Business Registries at MBIE, said in a statement: “The Deputy Registrar found that the manner in which [SPQR Ltd’s] affairs were managed contributed to its failure, including continuing to operate while under financial distress and being unable to meet obligations to creditors, including Inland Revenue. The length of the prohibition reflects…