Rating agency Icra on Wednesday pitched for a separate framework for small-ticket insolvency cases before they reach the National Company Law Tribunal (NCLT), saying such a mechanism would reduce pressure on the tribunal and help expedite admissions for larger accounts. “Icra believes that there is a necessity for a separate framework for small ticket-size cases…
Country music festival says it’s owed €135k as Ireland’s largest ticketing company collapses MSN Read the original article here
UK fashion retailer to close all 15 stores after collapsing into liquidation The Worcester News Read the original article here
Irish ticketing company enters liquidation after 22yrs in new business blow The Irish Sun Read the original article here
Alberta Court of Appeal confirms equity investors may initiate CCAA proceedings, broadening standing and reshaping strategy for stakeholders. Fasken Read the original article here
The Supreme Court has said that when associated or group companies are so inextricably connected that they effectively function as one concern, courts can lift the corporate veil and look at the economic reality of the group as a whole. Answering the question of when such a step can be taken, a Bench of Justices…
At a time when space launch capacity is being stretched thin, a UK spaceport company is to be liquidated. The BBC reported on 3rd June that Sutherland Spaceport Ltd, a subsidiary of failed rocketeer Orbex, is to have its assets sold off. SSL’s assets include permission to build a spaceport near the village of Tongue…
Quick Read Strategy (MSTR) sold 32 Bitcoin at $77,135 per coin to fund preferred stock obligations, breaking its “never sell” doctrine while holding 843,076 Bitcoin at an average cost of $75,699 per coin that is now underwater as Bitcoin trades around $67,338. A potential negative feedback loop emerges where lower Bitcoin prices increase pressure on…
Country music festival says it’s owed €135k as sales platform Tickets.ie collapses The Journal Read the original article here
Time is running out to save 134-year-old South African business from liquidation Daily Investor Read the original article here