Adani Power announced on Thursday that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) with an upfront payment of ₹4,101 crore. LAPL is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, as stated in a filing…
The Supreme Court on Thursday declined to stay the operations of a recently formed Committee of Creditors (CoC) overseeing the corporate insolvency resolution process (CIRP) initiated against the embattled ed-tech giant Byju’s, stating that the court would examine the merits of the case before issuing any further orders. A bench, led by Chief Justice of…
Ilford taxi and delivery driver claimed £100,000 of Bounce Back Loans and failed to spend the money on his businesses Hafiz Saeed Ahmad, of Ilford, overstated the turnover for two businesses to falsely claim a total of £100,000 from the covid loan scheme Ahmad claimed the maximum loan of £50,000 each for his taxi and…
Company claimed to be able to provide cheap hospitality at events such as the Six Nations and Formula 1 races Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events The company’s clients paid for packages which were later cancelled with no refunds provided Customers have lost more than £600,000…
Man raises money to pay off school lunch debt Live 5 News WCSC Read the original article here
DES MOINES, Iowa (KCCI) – Some school districts in Iowa are reporting thousands of dollars in unpaid lunch accounts. With the first day of school approaching, one man is calling on others to help pay off lunch debts, just like he did in his community. School lunch is considered a learning necessity. “When students are…
Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in…
Credit: William Edge / Shutterstock.com Australia’s Kimberly Meat Co. and its subsidiaries have been bought out of administration by a Canadian investor. Alberta Investment Management Co. (AIMCo), based in Edmonton, Alberta, said it has… Read the original article here
Benny Landa, along with other shareholders, Aaron Frenkel and Dudi Weisman, have agreed to inject capital into Lusix, the laboratory diamond company, to cover August salaries for all employees and provide severance pay for those who were laid off, including the cost of the 30-day advance notice. Lusix, which is burdened with a debt of…
Chapter 11 status for Dutch wholesaler and cycling gear brand AGU Bike Europe Read the original article here