The government has put plans to introduce a cross-border insolvency framework and an out-of-court individual delinquency mechanism on the back burner, people familiar with the matter told ET. These provisions won’t be part of the proposed amendments to the Insolvency and Bankruptcy Code (IBC) that the government intends to introduce this year, they said. However,…
‘We’ve lost faith’: Couple’s building plans scuppered The Press Read the original article here
Mineral Commodities Limited is an Australia-based global mining and development company with a primary focus on the production of high-grade mineral sands and natural flake graphite from operations in South Africa and Norway. The Company is a producer of zircon, rutile, garnet, magnetite, and ilmenite concentrates through its Tormin Mineral Sands Operation, located on the…
SCOTTSDALE, Ariz., March 4, 2025 /PRNewswire/ — As spring approaches, many homeowners and business owners are looking to refresh their spaces and eliminate clutter. Grasons, the leading estate sale and business liquidation franchise, offers an effective solution for both individuals looking to downsize and businesses seeking to clear out inventory or reorganize their operations. Spring…
Winding up of a company is a critical legal process that marks the closure of a business entity, leading to the liquidation of its assets, settlement of liabilities, and formal dissolution. This process can be initiated voluntarily by the company’s shareholders and creditors or compulsorily by the National Company Law Tribunal (NCLT) due to insolvency,…
A Great Yarmouth-based printer with a history stretching back to 1870 has ceased trading and is set to enter liquidation. Specialist business rescue and insolvency company McTear Williams & Wood has been engaged to assist Bendart Ltd, which traded as Blackwell Print, with a view to placing the company into liquidation. The firm said Blackwell,…
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What’s happening at Star Entertainment? Voluntary administration? Can the company recover? ReadWrite Read the original article here
One of the companies behind travel tech firm Snowfall has gone into liquidation with debts of almost £10.5 million, leaving employees and companies in the travel space severely out of pocket. However, the overall organisation continues to operate as Junction following a rebrand and “full reset” last month. Global Transport Solutions Limited (GTS), which was…
The Liquidator undertakes the Insolvency Resolution Process in light of lack of any promoters or directors of the company being present or reachable In a recent ruling, the West Bengal Authority for Advance Ruling (AAR) has held that any sale of assets of a company in liquidation conducted by its liquidator qualifies as a supply…