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Jane Catherine Bernadette Goodfellow (56), from Yeovil, Somerset, has received a second ban lasting 12 years and at the same time Clare Louise Watts (51), also from Yeovil, was banned for 5 years for allowing Jane Goodfellow to run the caf and acting as a stooge director.
The company at the centre of the Insolvency Service investigation was The Yeovil Wine Vaults Limited, which traded as a licensed restaurant in Yeovil known as the Wine Vaults.
Yeovil Wine Vaults as a company was incorporated in October 2013 with Clare Watts appointed the sole director. However, the restaurant entered into liquidation not even four years later in March 2017 after it could not pay its debts.
Liquidators appointed to wind up Yeovil Wine Vaults r…
Read the full article at: https://www.miragenews.com/disqualified-boss-gets-second-ban-for-illegally-running-restaurant/
Sir/ Madam,
Pursuant to an Order dated 08 March 2019 of the National Company Law Tribunal, Principal Bench, New Delhi, Corporate Insolvency Resolution Process (CIRP) has been initiated for Punj-Lloyd Limited (the Company) as per the provisions of the Insolvency and Bankruptcy Code, 2016. A copy of the said Order has been received on 11 March 2019.
Mr. Gaurav Gupta, Interim Resolution Professional has been appointed for carrying out the CIRP of the Company. Upon initiation of CIRP, the powers of the Board of Directors of the Company has been suspended and shall be exercised by the Interim Resolution Professional.
Thanking you
Gaurav Gupta
IBBI Regn No. IBBI/IPA-001/IP-00556/2017-18/10986
Interim Resolution Professional
Punj-Lloyd Limited
Emai…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/punj-lloyd-ltd-corporate-insolvency-resolution-process-cirp-appointment-of-interim-resolution-professional-irp/article26522033.ece
Three men have been declared bankrupt for failing to pay 1.6m to the victims of the 1998 Real IRA Omagh bombing.
The High Court ruling in Dublin is the first time in the world that anyone has been declared bankrupt for refusing to compensate victims of terrorism.
The three are Michael McKevitt, Liam Campbell and Colm Murphy. They have also been ordered to pay the hundreds of thousands of euros in costs for the bomb victim…
Read the full article at: https://www.newsletter.co.uk/news/omagh-bomb-trio-declared-bankrupt-in-victims-real-ira-compensation-action-1-8845438
It is a common misconception that closure means failure, but directors increasingly choose to dissolve in good condition, either because the industry has changed or they simply fancy something new.
The first thing to understand about company closure is the distinction between solvency and insolvency. If the company is solvent, there is much more flexibility when dissolving it and the directors have much more control.
If the company is able to meet its financial commitments long-term and pay all creditors, in full, within a 12-month period, it is classed as solvent.
Of course, there are exceptions. Many businesses run into problems, when…
Read the full article at: https://www.accountancyage.com/2019/03/13/checklist-of-steps-to-close-a-business-and-declare-insolvency/
Extension of Corporate Insolvency Resolution Process (`CIRP) for further period of 20 days.
Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg.
With reference to the above cited subject, I would like to inform that the Honorable National Company Law Tribunal, Hyderabad Bench (NCLT) vide its Order dated 08/03/2019 has granted an extension of CIRP for a further period of 20 days beyond the period from 07/03/2019 to 26/03/2019 .
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/viceroy-hotels-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26496033.ece
A total of 133 people registered with Macaus Central Registry System of Individuals with Gambling Disorder in 2018, down 15.3 percent from the previous year, said the citys Social Welfare Bureau in its latest published report on the subject.
The 2018 number was the lowest on record in any year since the central system was launched…
Read the full article at: http://www.ggrasia.com/macau-registered-problem-gambler-tally-lowest-yet-in-2018/
Two South Australian building companies are facing collapse, and another is facing court action, amid ongoing pressure from the national housing downturn.
Key points:
- New home builds are declining in South Australia
- Several companies have closed and subcontractors are feeling the impact
- Masters Builders SA wants more financial incentives for property owners
Adelaide construction company Tudor Homes has gone into liquidation and JML Home Constructions, which operates the Onkaparinga GJ Gardner franchise, has closed its doors.
An application to wind up Cubic Homes, based in Kilburn, will be heard later this mo…
Read the full article at: https://www.abc.net.au/news/2019-03-13/two-more-sa-building-companies-face-collapse-amid-downturn/10894610
Investors who poured over $35 million into once-promising fashion startup Shoes of Prey are likely to be left empty-handed, with firms who invested in the business warning contributors they are not expecting any return from the liquidation process.
Shoes of Prey, a company that allowed women to order customised footwear at a cheaper price than typical bespoke shoes, entered liquidation yesterday, ending months of uncertainty about the companys future after it was put on pause in August last year.
Co-founder Michael Fox penned a blog post in light of the collapse, blaming the business downturn on its failure to crack mass-market adoption, high operational costs and ethical benchmarks for the companys shoe production.
As with our custom…
Read the full article at: https://www.smartcompany.com.au/startupsmart/news/investors-shoes-of-prey-lose-35-million/