ICRA also highlighted the limited success of the pre-packaged insolvency process for MSMEs and stressed the need for stronger NCLT infrastructure, additional tribunal members and quicker disposal of legacy cases to improve recoveries and reduce resolution timelines. Rating agency Icra on Wednesday pitched for a separate framework for small-ticket insolvency cases before they reach the…
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Their first report said the business was affected by Covid-19, poor trading conditions and a lack of guest stays, which left the company unable to meet its debts. The only known debt listed was more than $1.06m to Inland Revenue (IRD). The Bank of New Zealand and the site’s landowner, Pukaahu Domain Whānau Trust, were…
Their first report said the business was affected by Covid-19, poor trading conditions and a lack of guest stays, which left the company unable to meet its debts. The only known debt listed was more than $1.06m to Inland Revenue (IRD). The Bank of New Zealand and the site’s landowner, Pukaahu Domain Whānau Trust, were…
Christchurch Japanese restaurant battles liquidation as linked companies’ debts surpass $3m The Press Read the original article here
REVEALED: Latest business liquidations in Casey Herald Sun Read the original article here
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