UK based mostly ethnic media company, Di5 World has fallen into administration, its been confirmed.
The corporate led by Bala Iyer and Bhaskar Majumdar, is now within the fingers of Neum Insolvency, as per an replace on the Corporations Home web site. Since Thursday 13th February, the tackle of Di5 Ltd has been directed to the directors. The information has been confirmed to us by Neum Insolvency.
The information will likely be regarding for Asian TV broadcasters which have funds excellent. It’s believed that the choice for Di5 World to name in directors was as a result of hefty quantity of dues unpaid by a few of its shoppers.
By the way, Di5 World had filed its tax returns in December 2019, with full account particulars out there here.
BizAsiaDwell.com contacted Iyer for a remark however was awaiting a revert on the time of submitting this text.