Insolvency Guardian Media Centre
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CMI Limited ( (IN:CMICABLES) ) has issued an update.
CMI Limited has announced a deferment in the approval of its audited financial statements for the fiscal year ending March 31, 2025. This delay is due to the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by Canara Bank under the Insolvency and Bankruptcy Code, 2016, with Mr. Deepak Maini appointed as the Resolution Professional. The company will reschedule the board meeting to approve the financial statements once the circumstances allow, and will notify the exchange of the…
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Kenny’s Music, which set up shop in 2008, which sold the likes of guitars and instrument accessories, has ceased trading and entered into what is called creditors’ voluntary liquidation.
The retailer had an online store which is no longer available to visit and physical shops in Glasgow, Dunfermline and Aberdeen – all of which are now closed.
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Despite achieving its best-ever like-for-like sales in 2025, sharp rises in costs and drop in margins has made trading unsustainable, Alex Marten, managing director said.
He added: “Our sales this year have been our best ever and our expansion into pre-owned instruments has been hugely…
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In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, set aside an order of the National Company Law Tribunal (NCLT), Mumbai Bench, and remanded the matter back, citing a violation of the principles of natural justice.
The appeal was preferred by Mehul Harish Gosar against the NCLT, Mumbai Bench’s order dated 08.05.2025, which had admitted M/s. Parorch Developers LLP into the Corporate Insolvency Resolution Process (CIRP) on an application by a financial creditor.
Counsel for the appellant contended that the NCLT had admitted the company to CIRP without providing an opportunity of hearing. He further submitted that the appellant had since fully settled the dues of the financial…
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REVEALED: Liquidator appointments for businesses in the Dorset council area for October 30 The Mercury
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The lessons for Bihar’s government appear evident: money, cash transfers, can help – but nothing can replace the hunger for real, paying jobs that provide dignity and savings.
Gopalganj, Bihar: Rambha and Aarti, from Dighwa village in the Vijaypur block of Gopalganj district in Bihar, have no money – not to buy a quality goat, nor to feed the one they have – nor, being impoverished and Dalit, do they own land on which a goat could graze.
But this election season, Bihar Chief Minister Nitish Kumar has been talking up women exactly like them, reminding them of the Rs 10,000 his government has, not long ago, promised to give those with an entrepreneurial bent of mind. If they avail of this benefit, they become “Jeevika Didis,” as…
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AGS Transact Technologies Enters Corporate Insolvency Resolution Process scanx.trade
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A bus operator providing services across Nottingham and Nottinghamshire has will continue trading after confirming it has entered a company voluntary arrangement (CVA).
Community Transport for Nottingham (CT4N) announced last week it was looking to enter an insolvency process due to “challenging trading conditions”.
The decision was unanimously approved by voting creditors, and means 75 staff members will keep their jobs and services for commercial clients and local transport authorities will carry on.
Managing director Barry Allitt said the arrangement would allow it to “move forward with confidence”.
“We remain committed to delivering the essential transport services our communities rely on, while protecting the livelihoods of our…
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Bus operator enters voluntary insolvency deal AOL.com
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“We remain committed to delivering the essential transport services our communities rely on, while protecting the livelihoods of our employees,” he said.
“This arrangement provides a sustainable path forward and ensures the best possible outcome for our creditors and stakeholders.”
A CVA is a formal insolvency process that allows a company to continue trading as it pays creditors over a fixed period of time, and is used to avoid liquidation or administration.
Read the original article here
A bus operator providing services across Nottingham and Nottinghamshire has will continue trading after confirming it has entered a company voluntary arrangement (CVA).
Community Transport for Nottingham (CT4N) announced last week it was looking to enter an insolvency process due to “challenging trading conditions”.
The decision was unanimously approved by voting creditors, and means 75 staff members will keep their jobs and services for commercial clients and local transport authorities will carry on.
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Managing director Barry Allitt said the arrangement would allow it to “move forward with confidence”.
“We remain committed to delivering the essential transport services our communities rely…
Read the original article here
A bus operator providing services across Nottingham and Nottinghamshire has will continue trading after confirming it has entered a company voluntary arrangement (CVA).
Community Transport for Nottingham (CT4N) announced last week it was looking to enter an insolvency process due to “challenging trading conditions”.
The decision was unanimously approved by voting creditors, and means 75 staff members will keep their jobs and services for commercial clients and local transport authorities will carry on.
Managing director Barry Allitt said the arrangement would allow it to “move forward with confidence”.
“We remain committed to delivering the essential transport services our communities rely on, while protecting the livelihoods of our…
Read the original article here
The retailer had an online store which is no longer available to visit and physical shops in Glasgow, Dunfermline and Aberdeen – all of which are now closed.
Kenny’s Music Glasgow enters voluntary liquidation
Despite achieving its best-ever like-for-like sales in 2025, sharp rises in costs and drop in margins has made trading unsustainable, Alex Marten, managing director said.
Marten added: “Our sales this year have been our best ever and our expansion into pre-owned instruments has been hugely successful.
“But margins on big brand products are significantly down, and costs – particularly wages and online marketing costs – have risen so sharply that even record sales can’t offset them. It’s with a heavy heart…