A major Nottinghamshire bus operator offering “vital” services has avoided liquidation with 75 members of staff protected. On October 22, CT4N, which runs services across Nottinghamshire, said it had proposed an insolvency process after facing challenging trading conditions. The charity, the name of which stands for “Community Transport for Nottingham”, offers crucial services including accessible…
CreditorWatch warned that almost one out of every six (16.2%) hospitality firms is at risk of failing due to high interest rates, rising rents, cost-of-living pressures, and the pandemic hangover. CreditorWatch forecast that roughly one in eleven (8.9%) food and beverage enterprises would close in 2025. The latest insolvency data from the Australian Securities and Investments…
Key Developments in Subsidiary Liquidation: Superfood Kitchen Pte. Ltd. and The Green Bar Pte. Ltd. Autagco Ltd., a Singapore-incorporated holding company, has announced significant progress in the voluntary liquidation of two of its wholly-owned subsidiaries: Superfood Kitchen Pte. Ltd. (SFK) and The Green Bar Pte. Ltd. (TGB). This move, initially described as a members’ voluntary…
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Upon liquidation, MAPL received about ₹17.12 crore as distribution of proceeds towards its full shareholding in MAAPL. Mahindra & Mahindra (M&M) on Friday announced the cessation of Mahindra Aerospace Australia (MAAPL) as a wholly-owned subsidiary of Mahindra Aerospace (MAPL) following the receipt of a deregistration certificate, the company said in a regulatory filing. The development…
Work has resumed at 11 State Circle, Forrest. Photo: Ian Bushnell. Recent court action has confirmed that prominent Canberra developer Keggins has collapsed, with a liquidator appointed to a third company in the group. Region first reported in March that Keggins was in trouble after work on a high-profile luxury townhouse project at a prestigious…
Bloom Dekor’s Creditors Approve Key Resolutions Amid Ongoing Insolvency Process scanx.trade Read the original article here
In the landmark case of Saranga Anilkumar Aggarwal v Bhavesh Dhirajlal Sheth and Ors, the Supreme Court held that insolvency proceedings under section 96 of the Insolvency and Bankruptcy Code, 2016 (IBC), cannot stay penalty actions under the Consumer Protection Act, 1986 (CPA). An interim-moratorium in force under section 96 of the IBC does not…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…