Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Independent Texas Recyclers, a Houston-based MRF operator , has discontinued operations after a nearly year-long court process to settle an $8 million loan payment dispute with its lender. Cadence Bank, ITR’s lender, sued the MRF operator and…
The Timeless Summer Tour has been cancelled and put into liquidation three months after being postponed. A Rotorua ticketholder feeling “ripped off” after trying for weeks to get her $632 refunded says she’s “gutted” and even less confident of getting her “hard-earned money” back. The tour had the same promoter as the cancelled Juicy Fest New Zealand…
The IBC was designed with a clear, sequential process – first, the Corporate Insolvency Resolution Process (CIRP) attempts to revive the corporate debtor. If that fails, liquidation ensures a swift and conclusive dissolution. However, the concept of ‘sale as a going concern’ in liquidation contradicts this framework, effectively keeping failed businesses on artificial life support.…
Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million Updated On – 8 March 2025, 01:31 PM New Delhi: SpiceJet is facing fresh round of… Read the original article…
By Yun Park · March 7, 2025, 6:57 PM EST A hearing for bankrupt trucking company KAL Freight to determine whether to convert the case to a Chapter 7 liquidation was pushed back to next week as the debtor tried to… To view the full article, register now. Read the original article here
The National Company Law Tribunal (NCLT), New Delhi, recently approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the debt-ridden United News of India, or UNI. Pooja Bahry, the resolution professional, ensured the resolution process does not drag on for years, and managed to take it to its successful closure within a period of two…
An award-winning firm with multiple restaurants in Edinburgh has closed suddenly after its parent company plunged into liquidation. Ghost Gastro Ltd, the business behind Butta Burger and Homies Pizza, was issued a court order on February 14 to wind up its operations. 3 The parent company behind Butta Burger has appointed liquidatorCredit: Google Maps 3…
Brindabella Christian College operating as usual despite entering voluntary administration MSN Read the original article here
An events company in New Zealand has been liquidated shortly after one of its conferences suffered an outbreak of COVID-19. Liquidators were appointed to Dinamics Destination Management on 20 March, according to the New Zealand government’s online records, exactly one week after it wrapped up the 2020 World Hereford Conference in Queenstown, held on behalf…
STATEN ISLAND, N.Y. — Liquidation sales have begun at the Forever 21 store in the Staten Island Mall, with signage indicating that all merchandise is reduced by 20% to 50%, as the New Springville store is among 200 locations that will soon be shuttered. PIX11 first reported the Staten Island closure last week, indicating that…