Page 74 - Liquidation News Today

CAA extends breathing space for operators of Pacific Aerospace aircraft 3 Mar, 2021 04:38 AM 3 minutes to read There is some good news for owners and operators of aircraft made by Pacific Aerospace, now in interim liquidation - New Zealands Civil Aviation Authority has extended its decision not to revoke the planemakers certifications. The veteran Waikato planemaker has more than 300 aircraft in operation around the world and has supplied aircraft to around 80 per cent of the topdressing indust...

THE amount of Imperial Pacific International LLC assets that need to be sold could exceed $10 million, IPI attorney Michael Dotts told the federal court on Wednesday. Because IPI CNMI is facing multiple lawsuits, he said the court-ordered receivership “could also develop into the full liquidation of the company to satisfy other judgments or provide the framework for a liquidation process.” According to an online business dictionary, “the term liquidation in finance and economics ...

Mr Archer said the advice hed received was that the main reason for the companys financial difficulties was the COVID-19 restrictions, which had "severely impacted the ability of the business to trade". Mr Chans report on the companys affairs showed creditor claims totalling just more than $1.408 million. The debts were made up of $270,000 of priority employee entitlements, $200,000 owed to the Australian Taxation Office, $760,000 owed in loans and to funders and $178,883 owed to trade credi...

  Staff Correspondent, bdnews24.com  Published: 24 Feb 2021 02:38 AM BdST Updated: 24 Feb 2021 03:02 AM BdST The Bangladesh Bank’s role in recovering defaulted loans taken from People’s Leasing and Financial Services Ltd or PLFSL, a firm undergoing liquidation, has irked the High Court. "); } A judge says the central bank officials responsible for overseeing the financial institutions “took benefits” from the scam centring businessman Proshanto Kumar Halder. Justice Muhammad Khurshid...

Under insolvency law, there's an order in which creditors get paid from whatever is left of a company.

Under insolvency law, there's an order in which creditors get paid from whatever is left of a company.

By Trend The resident of the Azerbaijani Pirallahi Industrial Park, Caspian Pharmed CJSC, declared its liquidation, Trend reports citing the Vergiler (taxes) newspaper of the State Tax Service under the Ministry of Economy of Azerbaijan. According to the data, creditors can submit their claims within two months at the following address: 92a Heydar Aliyev Avenue, Nizami district, Baku city. Caspian Pharmed CJSC was registered as a resident of the Pirallahi Industrial Park. On the basis of Germ...

North American Nickel Inc.: North American Nickel Reports PNR Selected as Preferred Bidder in BCL Liquidation North American Nickel Inc. (TSXV: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the " Company" or " NAN") is pleased to announce that Premium Nickel Resources (" PNR") has been selected as the preferred bidder for the Botswana nickel-copper-cobalt (Ni-Cu-Co) assets, currently in liquidation, and formerly operated by BCL Limited. NAN is a founding shareholder in Premium Nickel Resources, a pr...

The tribunal noted that the resolution plan approved by the Committee of Creditors provides for an amount of Rs 180.34 crore against the liquidation value of Rs 480.70 crore.Even

In the case between S Kumars Nationwide and Chief Commissioner of Income Tax, the NCLAT ruled the liquidator is not required to prepare a balance sheet and profit & loss account and get it audited during the liquidation process.