Thirty jobs lost as Moray engineering firm goes into liquidation 26 September 2017 From the section NE Scotland, Orkney & Shetland A Moray engineering company has gone into liquidation with the loss of more than 30 jobs. Brown Engineering of Fochabers was established in the 1970s. It specialised in the manufacture, installation and maintenance of…
The 123 Mart was opened in 1995 by Joseph Choi and has gone into liquidation. Discount store chain 123 Mart Limited has gone into liquidation after failing to pay tax debt. Jared Booth and Tony Maginness from Staples Rodway have been appointed liquidators. The company owns 60 stores throughout New Zealand. Booth said the liquidators were in discussions and negotiations…
Provisions of the Limitation Act, 1963, should apply to the proceedings under the Insolvency and Bankruptcy Code, 2016 by virtue of Section 433 of the Companies Act, 2013, since the NCLT and the NCLAT are the creation of the Companies Act, 2013 Recently, in the case of Neelkanth Township and Construction Pvt Ltd vs Urban…
THE LIMERICK based oil and gas exploration company Circle Oil Plc, which once had a net worth of 231 million, has gone into voluntary liquidation. Declan McDonald and Brendan Lynch, of Pricewaterhouse Coopers, have been appointed joint liquidators to the company. Creditors have been advised to send particulars of their debts and claims to PwC by October 31…
By Peter Egwuatu Investors in the nation’s capital market are strategizing on how to rescue their investments estimated at N10 billion which were trapped in the troubled Partnership Investment Company, PIC Plc and Partnership Securities Limited, PSL. Financial Vanguard checks with some of them reveal that while some are considering joint liquidation action that entitles…
Bhushan Steel, which owes banks a whopping Rs 44,447 crore, had initially objected to the insolvency proceedings alleging SBI had inflated the dues by around Rs 100 crore. The committee of creditors to Bhushan Steel is reluctant to sanction fresh interim funding of around Rs 500 crore as part of the corporate insolvency process, senior…
Application for the liquidation of a company – Cyprus Mail By continuing to use the Cyprus Mail, you agree to the use of cookies. more information Accept The cookie settings on this website are set to “allow cookies” to give you the best browsing experience possible. If you continue to use this website without changing…
VOLUNTARY ADMINISTRATION: Peter O’Brien. Regional building company Peter OBrien Constructions has gone into voluntary administration after being owed $12 million by debtors including a government organisation. The Blayney-based firm owes $5.7 million to creditors including regional subcontractors. A statement released by Mr OBrien said he and his wife Melissa had been forced to sell their assets. The OBriens have put…
Share this: A recent and troubling editorial by The Economic Times shows how Jaypees defence against angry homebuyers looking for justice is often bought hook, line and sinker. While Jaypee would be happy to have JIL fall into insolvency, letting them off the hook when it comes to stranded home buyers, the Supreme Court put a stop…
The judgment of the Supreme Court in Mobilox Innovations Pvt.Ltd. v.Kirusa Software Pvt.Ltd. rendered by a bench of Justices R. F Nariman and Sanjay Kishan Kaul settles a significant issue under the Insolvency and Bankruptcy Code 2016. The issue was whether the existence of a dispute by itself without the record of initiation of any…