Bankruptcy spiral UK greenhouse after client rejections – hortidaily.com

The financial downfall of UK greenhouse company UK Salads Limited (UKSL) was triggered by a series of significant challenges, resulting in the company owning its creditors almost 18m when it went into administration. This is revealed by the recently published Statement of administrator’s proposal. In December 2022, the company’s largest client rejected a substantial number…

Bankruptcy spiral UK greenhouse after client rejections – hortidaily.com

The financial downfall of UK greenhouse company UK Salads Limited (UKSL) was triggered by a series of significant challenges, resulting in the company owning its creditors almost 18m when it went into administration. This is revealed by the recently published Statement of administrator’s proposal. In December 2022, the company’s largest client rejected a substantial number…

Using Comity in Insolvency Indian Courts pivot | India Corporate Law – India Corporate Law

Listen to this post In a previous blog post, we had stated that there exists no statutory regime for recognition of foreign insolvency judgments or proceedings in India. Hence, it remained unclear whether Indian courts would recognise and give effect to foreign insolvency interim orders or judgments. In 2018, the Ministry of Corporate Affairs[1] recognised…