Meaders Hair Limited, which trades as Meaders Hair & Beauty in Corn Street, Witney, was placed into voluntary liquidation last month. This means the registered company is being wound down – in this case with debts that need to be settled to creditors. HMRC is owed £38,638 in unpaid VAT, £16,390 in unpaid PAYE and…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Majestic Hotels Limited holding that defaults occurred before COVID-19 suspension period are not protected by section 10A of the Insolvency and Bankruptcy Code, 2016 (IBC) even if payments were to be made during the suspension…
Around 15 companies, including Vedanta Ltd., Refex Industries Ltd. and Jindal Power Ltd. have shown interest in resolving the debt and operations of distressed electric vehicle firm BluSmart Electric Mobility as part of its insolvency resolution process, people aware of the matter told NDTV Profit. While multiple companies initially reviewed the assets of BluSmart, a…
New Delhi, Nov 7 (PTI) In a major relief to realty firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against it and directed the NCLT to hear the petition afresh, considering the fresh status report filed before it over the projects. A two-member bench of the appellate tribunal said the…
NB Distressed Debt Investment Fund to enter voluntary liquidation By Investing.com Investing.com Read the original article here
Dr Michael James Boland publishes article’ The Rise in Corporate Insolvencies – A Return to Normal or Something Deeper? ‘ Maynooth University Read the original article here
The National Company Law Tribunal (NCLT), New Delhi, has admitted an application filed by the State Bank of India (SBI) under Section 7 of the (IBC), thereby initiating the Corporate Insolvency Resolution Process (CIRP) against Giga Pipe Systems India Pvt. Ltd. The application was based on a financial debt default exceeding Rs. 45 Crores. SBI,…
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