The operational creditors of steel companies face a Shakespearean dilemma. Though they wish to speak out against the problems at hand due to delayed payments of dues from companies undergoing the Corporate Insolvency Resolution Process (CIRP), they fear retribution from the committee of creditors (CoC) and the new management which would take over. These…
Weight loss organisation Scottish Slimmers has gone into liquidation – with all classes suspended with immediate effect. Thousands of customers will be left out of pocket after the company, which was bought by entrepreneur Amanda Boyle last year, said that refunds would not be given on membership passes and that all classes would cease operating…
Weight loss organisation Scottish Slimmers has gone into liquidation – with all classes suspended with immediate effect. Thousands of customers will be left out of pocket after the company, which was bought by entrepreneur Amanda Boyle last year, said that refunds would not be given on membership passes and that all classes would cease operating…
This is to inform you that the 14th Meeting of Committee of Creditors (CoC) was held on 27.03.2019. In the meeting, The Resolution Professional apprised the members of the Committee of Creditors that as only one Resolution Plan has been received and therefore, Som Distilleries Pvt Limited being the sole resolution applicant is H1 bidder…
STAFF at troubled farm business Ceres Agricultural Companyhave been told to expect significant job losses after the company was placed in voluntary administration with advisory groupGrant Thornton. In an internal memo sent to all staff from owner Garrick Hawkins on Thursday, staff were told the current business was unsustainable and Ceres would be closed. It…
The Pool has been pushed into liquidation two months after the womens lifestyle website told staff and freelances it would go into administration. Winding-uporderswere issued on 13 March in the High Court against owner The Pool (UK) Ltd after a petition by HM Revenue and Customs. Companies House has todayissued an update about the court…
The Pool has been pushed into liquidation two months after the womens lifestyle website told staff and freelances it would go into administration. Winding-uporderswere issued on 13 March in the High Court against owner The Pool (UK) Ltd after a petition by HM Revenue and Customs. Companies House has todayissued an update about the court…
Introduction: The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as IBC) undergoes to second amendment to ensure enforcement of the provisions of the Code aiming towards the fulfilment of its objective of time-bound resolution process. These amendments will make easier effective implementation and obtain desired results. Following are the significant amendments introduced in the…
STAFF at troubled farm business Ceres Agricultural Companyhave been told to expect significant job losses after the company was placed in voluntary administration with advisory groupGrant Thornton. In an internal memo sent to all staff from owner Garrick Hawkins on Thursday, staff were told the current business was unsustainable and Ceres would be closed. It…
STAFF at troubled farm business Ceres Agricultural Companyhave been told to expect significant job losses after the company was placed in voluntary administration with advisory groupGrant Thornton. In an internal memo sent to all staff from owner Garrick Hawkins on Thursday, staff were told the current business was unsustainable and Ceres would be closed. It…