The liquidation of BelGan, Belgium’s last industrial chip manufacturer, ends on Thursday. On Friday, interested parties can still bid for a combination of lots. The liquidation has so far raised more than 20 million euros, which will be used to pay severance to employees. BelGan, based in Oudenaarde, filed for bankruptcy in July. The company…
Manchester-based Alderman’s Drinks, the company that produces Didsbury Gin, has gone into liquidation after owing its creditors nearly £200,000 (US$245,877). R-L: Mark Smallwood and Liam Manton, Didsbury Gin co-founders Didsbury was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted to ‘take gin…
The NCLAT determined that the WhatsApp messages were sufficient evidence to establish the debt and the absence of a legitimate dispute The Chennai Bench of National Company Law Appellate tribunal ( NCLAT ) quashed the National Company Law Tribunal ( NCLT )’s rejection of the admissibility of debt under Section 9 of the Insolvency and…
Aussies scoop up cheap gifts from sports company liquidation The Daily Advertiser Read the original article here
A Memorandum of Understanding (MoU) has been signed between the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry and JK Cement, a leading manufacturer of grey and white Cement, to usher innovation, empower entrepreneurs, and strengthen India’s manufacturing ecosystem. According to DPIIT, this strategic collaboration aims to transform India into…
Alderman’s Drinks Ltd, trading as Didsbury Gin, has appointed Gareth Howarth of Path Business Recovery Ltd as liquidator to wind up the business. Accounts available on Companies House revealed the spirits brand owed £195,924 to creditors, including £126,864 to trade and expense creditors and £36,492 to NatWest Bank as a ‘Bounce Back Loan’. Voluntarily wound…
Successful Auction Purchaser Cannot Be Compelled To Pay Pre-CIRP Electricity Dues Before Restoring… Live Law – Indian Legal News Read the original article here
Adgemis deal, but payment looms The Australian Read the original article here
New law eases corporate bankruptcy for thousands of struggling companies under $2M The Independent Read the original article here
Company goes bust with millions in debt The Australian Read the original article here