Minister Molale narrated that government took a decision to put BCL under final liquidation
on June 15, 2017 and that in February 27, 2019 the same decision was taken to place Tati Nickel mine under final liquidation
As per the expanded guidance introduced in ASU 2013-07, an entity is required to prepare its financial statements using the liquidation
basis of accounting whenever liquidation
is imminent, that is, when the likelihood is remote that the entity will return from liquidation
, and a plan for liquidation
is either 1) approved by the person or persons with the authority to make such a plan effective when the likelihood that its execution will be blocked by other parties is remote or 2) imposed by other forces, such as in an involuntary bankruptcy proceeding (ASC 205-30-25-1 and--2).
In addition, before the liquidation
date, shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the fund's shares during that time period.
It was held that a company in liquidation
cannot refer a dispute to adjudication when one party is in liquidation
because the dispute is no longer a construction contract dispute.
The firm was placed under liquidation
by the Auckland High Court.
A phone message on PTT Aviation tells callers: "The company has reluctantly taken the decision to place the company in creditors voluntary liquidation
Naming legal hurdle Sources reveal that the government was thrown into confusion last year when it was told that the name Uganda Airlines had legal encumbrances, and was the registered trade name of a private owner who applied for it after the liquidation
of the national carrier 17 years ago.However, officials were told that the private owner had not operated the airline business as per the terms of registration, leaving government in a position to reclaim and use the name, but there remained a legal conundrum that would require the courts of law to determine before the airline could take to the skies using its former name.
A South Dakota circuit court placed the company in liquidation
proceedings on June 27, 2018, and as such, ReliaMax may not write any new business and will be liquidated.
The Commission on Audit called the attention of the OVP over delays in reimbursements of cash advances and liquidation
of travel expenses of some of its staff in its 2017 report.
At March 31, 2018, the Company reported unaudited total assets in liquidation
, total liabilities in liquidation
, and net assets in liquidation
of $15.4 million, $1.3 million and $14.1 million, respectively.
In a notice, Funa said the Insurance Commission (IC) deemed Philippine Phoenix Surety and Insurance due for liquidation
after it was earlier placed under conservatorship and receivership.
In addition to the same deficiencies that most other states endure, New York has also developed a superfluous undefined appendage to the process: The New York Liquidation
In Iran, the liquidation
of dead merchant's debts, either insolvent or not, is implemented according to the Bankruptcy Law, and no bankruptcy judgment is needed.
Summary: The liquidation
process of Bank of Credit and Commerce International, or BCCI, branches in the country has been completed.
Abu Dhabi: July 4 -- (BNA)-- The UAE's Central Bank (UAE-CB) today formally announced the liquidation
of BCCI (SA) branches in the country, according to the sisterly United Arab Emirates' News Agency (WAM).