Crypto exchange Coin List said it is experiencing technical issues that are affecting its users’ deposits and withdrawals. Crypto exchange Coin List on Nov. 24 said it was not insolvent, despite its users reporting their inability to withdraw assets. According to the crypto exchange, it was experiencing technical issues affecting its users’ deposits and withdrawals.
The creditors of Ansal Properties have been asked to submit their claims with proof by December 1 to the interim resolution professional The National Company Law Tribunal (NCLT) has ordered the commencement of a corporate insolvency resolution process of Ansal Properties and Infrastructure. The creditors of Ansal Properties have been asked to submit their claims with proof
The number of insolvencies among pubs, bars and restaurants rose by 59 per cent to 2,156 in the 12 months to September this year, according to trade journal the Morning Advertiser. The Bournemouth office of licensed insolvency practitioner Antony Batty says increases in energy prices are a significant factor in a sector already struggling with
A family-run Salisbury garage and car sales showroom established more than half a century ago has closed. Rex Garage, which is based at The Wyndham Centre on Salisbury Business Park, appointed insolvency specialists Begbies Traynor to review the business earlier in the year. According to Begbies, the company had struggled with the cost of new
The company behind a massive development on Ormiston Road called in liquidators citing related party companies and their debt of $18 million and their failure. In the first report to creditors and shareholders released recently, insolvency practitioners Reynolds & Associates DDL Homes Central Limited said the company was incorporated in October 2018. It was a
Bruske: Senate must now act quickly to pass Bill C-228 and safeguard the hard-earned pensions of millions of workers and pensioners OTTAWA, Nov. 23, 2022 (GLOBE NEWSWIRE) — Canada’s unions are happy to see Bill C-228 passed in the House of Commons today. This bill aimed to ensure that in the event of an employer
Faculty and staff who lost their jobs as a result of Laurentian University’s insolvency want to know whether anyone will be held accountable for the disastrous decisions that pushed the university into creditor protection. Ontario’s Auditor-General Bonnie Lysyk concluded in a special report released last week that Laurentian’s insolvency was caused by years of mismanagement,
FRL was dragged into insolvency proceedings by its lender Bank of India after it defaulted on loans. Reliance Retail, Adani Group’s JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in the final list of
The Reliance vs Adani competition for Lanco unit auction is the possibly the first time that the country’s biggest corporate houses will pit against each other for an asset. Mukesh Ambani-led Reliance Industries Ltd. (RIL) is reportedly all set to compete with Gautam Adani-led Adani Enterprises at an auction. The auction, which is scheduled to
Despite various decisions by the Hon’ble Supreme Court, ranging from Innoventive Industries to K. Sashidhar to the Essar Steel case, the Hon’ble Supreme Court has consistently laid out how the law should be interpreted with regard to the approval of a resolution plan and the primacy given to the commercial wisdom of CoC’s. Despite these
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