NCLT admits Union Bank of India’s insolvency plea against Era Infra – Livemint

Photo: Mint New Delhi: The National Company Law Tribunal (NCLT) principal bench on Tuesday admitted Union Bank of Indias (UBIs) plea seeking initiation of insolvency proceedings against Era Infra Engineering Ltd for recovery of Rs681.04 crore, along with an overdue external commercial borrowing of $11.97 million. The order on admission of the plea was reserved…

Franchisees gagged as Red Rooster, Oporto enter damage control – The Sydney Morning Herald

Franchisees gagged Steve Beadle’s Red Rooster franchise in the Melbourne suburb of Lyndhurst went into liquidation three months ago and Beadle says he was “effectively a slave” working for free for seven years and ending up $500,000 in debt. But Beadle says most current and former franchisees can’t reveal their struggles with Craveable as they…