A major airline company has plunged into administration as it cancelled all its commercial flights. Royal Air Philippines has cancelled all of its commercial flights with over 3500 passengers affected. According to the reports, the Manila-based airline’s halt stranded roughly 3,000 to 4,000 passengers holding bookings from January through March, all seeking refunds and new…
The Delhi High Court has held that the mere fact that a cheque was drawn on the personal account of a director does not automatically absolve a company of liability under Section 138 of the Negotiable Instruments Act, 1881 (‘NI Act’) at the summoning stage. Justice Anup Jairam Bhambhani observed that if such a cheque…
If your company is struggling financially, your responsibilities as a director change in important ways. Insolvency law places strict duties on directors and failing to follow them can lead to personal liability, financial penalties, and disqualification. We covers what insolvency means, how your duties shift, and what steps you must take to stay compliant and…
Federal Court rules liquidation no barrier to ASIC’s pursuit of MWL Australasian Lawyer Read the original article here
British courier firm collapses into liquidation leaving parcels undelivered The Sun Read the original article here
Oenofuture Limited– winding up order made GOV.UK Read the original article here
UK railway firm enters liquidation after 74 years with all operations stopped Herald Series Read the original article here
HIRD Railway Services, which was founded back in 1952, had liquidators appointed on Friday, February 27. It is a supplier of specialist track-related products and services, including IBJs (Insulated Block Joints), heritage rail supplies, and network-approved new rails to the railway industry. HIRD Railway Services describes itself as an “innovative” provider of “industry-leading infrastructure solutions”.…
A UK furniture manufacturer has entered liquidation after operating since 1980. Liquidators have been appointed to Kontoor South Wales Limited during a virtual meeting on February 20, the notice confirms. The company has entered Creditors Voluntary Liquidation, which happens when management volunteers to wind up the business when it cannot repay its debts to creditors.…
UK railway firm enters liquidation after 74 years with all operations stopped News Shopper Read the original article here