Christchurch company CProPainterPlaster has collapsed owing Inland Revenue an estimated $1 million-plus in unpaid tax.
The business working in the house construction industry went into liquidation under an application filed by the IRD at the Christchurch High Court on July 10 with the New Zealand Insolvency and Trustee Service appointed as liquidator.
In the first liquidators report released on August 15 the cause was understood to be a failure to account for taxation.
The liquidator was working to establish communication with sole director and shareholder, Christopher Pabaira, to obtain the company’s financial statements and position.
CProPainterPlaster is estimated to have just under $2000 in available funds.
The liquidator has…
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The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that the failure of the Resolution Professional to individually inform the homebuyers about the insolvency proceedings as mandated under Regulation 6A of the CIRP Regulations, 2016, so they could file their claims on time, goes against the spirit of the IBC and vitiates the entire proceedings especially during Covid Pandemic.
The present appeal has been filed under section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) against an order passed by the National Company Law Tribunal (NCLT) New Delhi by which it rejected an application…
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Pat Falvey’s new Cork brewery is already making its mark with sustainable ambitions and a strong local identity
Ireland’s newest ‘Blarney’ branded brewery has a gift, but it’s not the gab
According to the latest statistics from Bord Bia, there are around 80 microbreweries operating in Ireland.
Cork already has a strong brewing tradition. The Franciscan Well grew from a small in-house brewery to a mass producer, while Rising Sons and the Cotton Ball have shown that marketing your own beer at scale is possible, even as national alcohol consumption declines.
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London: Speciality Steels UK, the country’s third-largest steelworks part of British Indian metals tycoon Sanjeev Gupta group, was on Thursday pushed into compulsory liquidation. The UK government-run Insolvency Service confirmed it will be acting as the liquidator after a High Court ruling. Liberty Steel said the decision to put the firm into compulsory liquidation was “irrational”, which puts 1,500 jobs at risk.
“Following an application made by the Official Receiver, the court has also appointed Matthew James Cowlishaw, Hywel Phillips and Robert Fishman of Teneo Financial Advisory Limited as Special Managers of the company,” the Insolvency Service said.
“The Special Managers have been appointed to assist the Official Receiver…
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UK Makes Plan to Take Control of Sanjeev Gupta’s Steelworks Bloomberg.com
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Bistro at Cherry Hill remains closed as restaurant’s owner vows to fight liquidation ruling The Business Journals
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Lawyer for the creditors, Ryan Perkins, argued UK steel-making would be better served if the company’s assets were sold off with assistance from independent special managers acting on behalf of the government after it is wound up, rather than allowing administrators appointed by Mr Gupta to conduct the process.
In a separate court hearing on Wednesday, Mr Perkins presented a letter from the Department for Business and Trade showing approaches made by third parties.
The court heard they had “expressed an interest in returning some or all of the sites to steel-making”, which was the “government’s desire”.
The letter added “an orderly compulsory liquidation may be one way of ensuring steel production restarts”.
Liberty Steel Group’s finances…
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By Yun Park ( August 21, 2025, 6:32 PM EDT) — A Delaware bankruptcy judge on Thursday gave interim approval to bankrupt jewelry chain Claire’s to receive a $22.5 million debtor-in-possession facility from a private holding company that plans to buy the majority of the company’s U.S. stores through an asset purchaser agreement. …
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Resellers source their products using multiple methods: closeouts, wholesale and liquidation, to name a few. Mixing your inventory sources is one of the smartest business decisions you can make once you go from side hustle to part-time and full-time operations.
Liquidation pallets offer sellers:
- Higher profit margins
- Lower costs
If you source your boxes from reputable companies, you’ll have reliable stock with low risks of items being damaged or unsellable. We’ll list 9 of the best sites to secure liquidation inventory that you can turn around and resell online, at bin stores, or even flea markets.
9 Best Liquidation Companies
Flipping inventory for profits relies on choosing a strong supplier who is reliable and…
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It’s a staggering number. More than 42 million Americans owe a total of nearly $1.5 trillion in student loan debt. It’s no wonder people look for help. But not all help is legit. Scammers are targeting borrowers with student loan debt relief schemes that can actually make things worse.
In a new case announced today, the FTC alleges the operators of Mission Hills Federal and Federal Direct Group bilked borrowers out of more than $23 million. The FTC says these companies lured people with false promises to pay down student loans and lower monthly payments. According to the FTC, the companies also lied about taking over the servicing of the loans, which tricked people into submitting loan payments directly to them. In fact, the…
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Sterling SEZ and Infrastructure Limited (in liquidation) is set to be auctioned on September 15, 2025, with a reserve price of Rs 324 crore (INR 3,243 million). The e-auction will be conducted on an “as is where is,” “as is what is basis,” “whatever there is basis,” and “no recourse basis.” The last date for bid submissions has been extended to September 12, 2025.
This auction marks a significant step in the long-running insolvency process of the company, a subsidiary of the larger Sterling Biotech group.
The National Company Law Tribunal (NCLT) had ordered the liquidation of Sterling SEZ and Infrastructure Ltd in October 2021 bringing a definitive end to its turbulent Corporate Insolvency Resolution…
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