In 2002, after failing to gather more funding from Hedge Fund Global Emerging Markets, Kalisto Entertainment found itself in compulsory liquidation, and was forced out of the Market on 19 August 2002.
12.
Wrongful trading is an action that can be taken only by a company's insolvent liquidation . ( This may be either a voluntary liquidation-known as Creditors Voluntary Liquidation, or compulsory liquidation ).
13.
Where a voluntary winding-up of a company has begun, a compulsory liquidation order is still possible, but the petitioning contributory would need to satisfy the court that a voluntary liquidation would prejudice the contributors.
14.
After Press TV lost its Ofcom licence in 2012, according to Galloway, the Iranian broadcaster owed him ?0, 000, leading to his company Miranda Media entering compulsory liquidation in 2013 because of unpaid tax.
15.
Unable to meet the dramatically increased month-to-month obligations brought about by this mandatory re-acquisition, the company was subject to a Winding Up Order by a trade creditor and hence placed into Compulsory Liquidation by the Official Receiver.
16.
Hearder, the official in charge of overseeing company liquidations, said the 691 bankruptcies handled by the courts in this year's first half included 326 compulsory company liquidations and 365 personal bankruptcies, compared to 280 compulsory liquidations and 321 personal bankruptcies a year earlier.
17.
A number of different people have " locus standi " to initiate compulsory liquidation proceedings, including not only the company's creditors ( who are the most common applicants ), but also the company itself, the company's members, the liquidator, ASIC and ( in respect of a general insurance company ) the Australian Prudential Regulation Authority ( APRA ).
18.
Following the gazetting of the Insurance Regulations and enforcement of the Act and Regulations, Bank Negara said the Insurance Act 1963, Life Assurance Companies ( Compulsory Liquidation ) Act 1962, Life Assurance Companies ( Compulsory Winding-up ) Rules 1963 prescribed pursuant to the 1962 Act and all the subsidiary legislation made under the 1963 Act were repealed on the same date.
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