‘Significant anomalies’: Major Aboriginal corporation under investigation – NT News
‘Significant anomalies’: Major Aboriginal corporation under investigation NT News Read the original article here
Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief – Mint
Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief Mint Read the original article here
Legal Blow for BYJU’S: SC Denies Request to Delay Insolvency Proceedings Meeting
In a significant setback for the beleaguered edtech company BYJU’S, the Supreme Court (SC) has declined to stay the meeting of the Committee of Creditors (CoC) organized by the resolution professional handling the firm’s insolvency proceedings. This decision follows ongoing legal battles related to the company’s financial distress. Supreme Court Decision and Legal Proceedings The…
Adani Power gets NCLT approval to acquire Lanco Amarkantak Power for Rs 4,101 cr, ET LegalWorld
Adani Power on Thursday said the NCLT Hyderabad bench has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 4,101 crore. LAPL is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, a BSE filing said. According to the filing, the acquisition shall be…
Biotech Destiny Pharma Tips Into Insolvency in Cash Crisis – BNN Bloomberg
(Bloomberg) — Destiny Pharma Plc, a British biotech company chaired by City veteran Nigel Rudd, has appointed insolvency practitioners after failing to secure a rescue deal. Destiny Pharma, which earlier this month delisted from the London Stock Exchange’s Alternative Investment Market, had been unable to secure a licensing partner to fund clinical trials for its…
IBBI proposes amendments to insolvency rules; seeks public comments
The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the Insolvency Resolution Process for Corporate Process regulations, to enhance efficiency and reduce costs, and sought stakeholder inputs by July 10. These amendments are expected to enhance the efficiency and transparency of the Corporate Insolvency Resolution Process (CIRP), and benefiting creditors and other…
Adani Power gets approval to acquire Lanco Amarkantak Power for Rs 4,101 cr | Company News
The object of the LAPL, being the generation of power, is on the same line as the main line of the company’s business. Image: Bloomberg 2 min read Last Updated : Aug 22 2024 | 11:03 PM IST Adani Power on Thursday said the NCLT Hyderabad bench has approved its plan to acquire Lanco…
Adani Power gets NCLT nod to to acquire Lanco Amarkantak Power for ₹4,101 crore – MSN
Adani Power gets NCLT nod to to acquire Lanco Amarkantak Power for ₹4,101 crore MSN Read the original article here
Byju’s moves NCLAT against insolvency proceedings
MUMBAI: In a widely expected step, Byju’s has moved the National Company Law Appellate Tribunal (NCLAT), challenging a court order which allowed insolvency proceedings to be initiated against the once high flying decacorn startup. Byju’s, sources said, has sought an urgent hearing on the matter. The Chennai bench of NCLAT may take up the matter…
EV company that made big promises here now bankrupt
Arrival, the electric vehicle startup that made significant commitments in the Charlotte region, is bankrupt after years of financial struggles. PREVIOUS: Electric delivery van microfactory to bring more than 250 jobs to Charlotte The company announced this week that it filed for bankruptcy on May 16 in Luxembourg, where Arrival is based. Arrival was declared…