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Joey Essex is reportedly being probed after his personal firm went bust owing £1.2 million. The 35-year-old former TOWIE star’s company Joey Essex Management Ltd was forced into liquidation in September as he can’t pay its huge debts, mostly due to the taxman. This is despite Joey earning substantial amounts from appearing on some of…
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With Sheffield Wednesday set to be served with a winding-up petition over money owed to HMRC, fans are left wondering what happens next? Could the club actually go out of business? Is administration more likely? In terms of the immediate threat of liquidation, there are some things to consider. There is a new football regulator…
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A former director of Gstaad Hotels Pvt. Ltd, which previously owned the JW Marriott Hotel in Bengaluru, has moved the Supreme Court challenging an appellate tribunal’s order that upheld insolvency proceedings against the hospitality firm. Mint has seen a copy of the petition filed by Deepak Raheja. The National Company Law Tribunal (NCLT) in July…
More corporate bankruptcies expected in 2025: challenges and developments in distressed M&A Kearney Read the original article here
Directors play a pivotal role in corporate governance, as fiduciaries entrusted with the management and affairs of the company. Under financial distress the law obliges directors to take their accountability towards shareholders, creditors and regulatory authorities. Their duty encompasses broadly as statutory and fiduciary in nature. The multi-faceted role is scrutinized in cases such as…
NEW DELHI: The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company that was providing all-electric ride-hailing services and building a network of EV charging infrastructure in India. The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and Research against Blu-Smart…
The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a network of EV charging infrastructure in India. The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and Research against Blu-Smart Mobility over…