A final report on the insolvent company’s liquidation was released in October. “The cause of the liquidation appears to be linked to a failure to account for taxation, along with a loss of income due to seasonal conditions, specifically flooding,” liquidator Lee Humphreys wrote. The summary of claims in that report gives an estimated total…
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Sugar giant’s fate hangs in balance as liquidation battle intensifies News24 Read the original article here
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A Queenstown-based tiling business has been placed in voluntary liquidation with an estimated shortfall to all creditors of about $350,000, the liquidators first report says. Redback Tiling, which provided tiling services in the Central Otago area, was placed in liquidation on February 23 by special resolution of the shareholders and Brenton Hunt, of Insolvency Matters,…
The corporate insolvency landscape in India witnessed a landmark clarification with the Supreme Court’s comprehensive judgment in ICICI Bank Limited v. Era Infrastructure (India) Limited and connected matters, delivered in 2026. This pivotal ruling addressed one of the most contentious issues in insolvency law: whether financial creditors can simultaneously initiate Corporate Insolvency Resolution Process (CIRP)…
A recruitment agency put into liquidation by its owner this month owing creditors nearly £1.4 million is still trading under a new company with an almost identical name. Cooper Lomaz Recruitment Ltd, which was registered at offices in Pottergate, appointed liquidators owing £1.37m to around 40 creditors, including HMRC (£132,000) and LinkedIn (£36,000). But owner…
SDAI Reports No New Material Developments in Subsidiary Liquidation TipRanks Read the original article here
Tullibardine Smiddy – based at Strathallan Airfield in Auchterarder, Perth and Kinross – has passed a resolution for the firm to be wound up. It is not clear how many staff were employed at the business and will lose their jobs. George Lafferty of Begbies Traynor was appointed as a liquidator earlier this month, according…
Freedom Care Group Maps Recovery Plan After Suspension and Subsidiary Liquidation TipRanks Read the original article here