Insolvency Guardian Media Centre
A Bench of Justices JB Pardiwala and KV Viswanathan dismissed an appeal filed by EPC Constructions India Ltd (in liquidation) against Matix Fertilizers and Chemicals Ltd, affirming the findings of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) that the preference shares held by EPC represented an investment and not a financial debt.
The Court reiterated that preference shareholders remain members of a company and cannot claim the rights of creditors, even if the redemption period of the shares has expired.
“Section 5(8)(c) of IBC does not talk of preference shares while it talks of note purchase facility, bonds, notes, debentures, loan stock, or any other similar instrument to the categories…
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The event featured actors dressed in costumes, fairground rides, bars and food stands.
Organisers said it was the first time the character Leatherface from the Texas Chainsaw Massacre franchise had been featured at a UK scare attraction.
There was also a maze based on the 2023 horror film Winnie the Pooh: Blood and Honey.
Earlier this month Mr Doherty told BBC Three Counties Radio presenter Justin Dealey that the company’s key phrase for the event was “bringing Hollywood to Hertfordshire for 2025”.
He admitted that although he was not a fan of horror films himself, he knew similar attractions had been popular in the US and expected 25,000 people to attend.
“We’re already planning next year’s event where we’re planning to bring more content…
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BMZ Germany insolvent under self-administration following major client loss Bike Europe
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Builder goes belly up after court battle with ATO The Courier Mail
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Fastway Parent company in Liquidation as Galway jobs at risk Galway Beo
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Scottish musical instrument retailer Kenny’s Music has ceased trading, the firm confirms in a new communication with its supplier partners, seen by Guitar.com.
The company – which ran an online store, as well as brick-and-mortar stores in Glasgow, Aberdeen, Dunfermline and formerly Dundee – reveals its intention to move into Creditors’ Voluntary Liquidation (CVL), “despite our strongest sales ever in recent years”.
“The rapidly rising cost base across both stores and e-commerce, combined with continued pressure on margins, has made it impossible for us to operate sustainably within the traditional music retail model,” writes Alex Marten, Managing Director at Kenny’s Music. “Continuing to trade would not have been…
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Whoever can help the US reduce its debt with cryptocurrency will become Powell’s successor. Bitget
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Tel Aviv Magistrate’s Court Judge Lior Gelbard issued a bankruptcy order on Tuesday for high-tech entrepreneur Moshe Yanai, following a debt of approximately $42 million owed by his investment company, MII, to the Cayman Islands-registered investment fund Scintilla.
The ruling means that all of Yanai’s foreclosed assets, previously subject to temporary seizure orders, will be sold by the appointed trustee, Attorney Shuli Goldblatt. According to prior agreements between the parties, and despite objections from the insolvency commissioner at the Ministry of Justice, Goldblatt will manage the liquidation process. Among the foreclosed assets is a luxurious penthouse on Antokolski Street in Tel Aviv, owned by Yanai and his late wife Rachel,…
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MPs: Ofgem should use network firms’ windfall profits for energy debt relief Energy Live News
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Horizon Space Acquisition I Corporation ( (HSPO) ) has provided an update.
On October 27, 2025, Horizon Space Acquisition I Corp. held an extraordinary general meeting where shareholders approved amendments to its Investment Management Trust Agreement and Charter. These amendments allow for the liquidation of the company’s trust account by October 27, 2025, with potential extensions up to April 27, 2026, and require the company to either complete a business combination or wind up operations by the same date. Additionally, shareholders…
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Royal Caribbean passenger jumps off cruise ship to avoid $16K gambling debt MSN
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MPs call on Ofgem to tap network companies’ £4bn windfall for energy debt relief theenergyst.com