Declared bankrupt by a court in Curaçao, Leicester City FC sponsor BC.GAME is about to lose its licence. Josimar has discovered that the operator is running one the largest illegal betting networks in continental Europe. By Philippe Auclair and Steve Menary According to a document seen by Josimar, the Curaçao Gaming Control Board (GCB) is…
Beacon Energy Navigates Subsidiary Liquidation with Future Plans TipRanks Read the original article here
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Delhi High Court Chief Justice Manmohan noted that a growing economy cannot afford to have too many stressed assets and a quick resolution of a disputes is essential. However, in a commercial dispute, stakeholders have various interests and a resolution mechanism must ensure that such competing interests are balanced. “We all know National Company Law Tribunals…
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Low-cost airline SpiceJet’s shares rose in early trade on Thursday after aircraft lessor Aircastle withdrew its insolvency case against the airline. This development followed a mutually agreed settlement between the two parties. SpiceJet announced the news in a press release, marking a step forward in its efforts to strengthen relationships with its partners. Following the…
Aircraft lessor Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against SpiceJet before the National Company Law Tribunal (NCLT). This follows a mutually agreed-upon settlement, marking a positive turn in the airline’s efforts to rebuild and strengthen ties with its partners. Last month, SpiceJet announced the resolution of a $23.39 million dispute with…
SpiceJet on Thursday announced that aircraft lessor Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against the airline before the National Company Law Tribunal (NCLT), after reaching a $5.6 million settlement. This comes as a major relief for SpiceJet. The development follows a mutually agreed-upon settlement, marking a positive turn in the airline’s…
The NCLT Mumbai bench of Ms. Reeta Kohli (Judicial Member) and Ms. Madhu Sinha (Technical Member) has held that in a sale of the corporate debtor in liquidation as a going concern, only assets are transferred and liabilities have to be discharged as per section 53 of the Code. Brief Facts The Present Application is…
Debt clearing structure will help fiscal planning, stability The Herald Read the original article here