The NCLAT New Delhi bench of Justice Yogesh Khanna (Judicial Member) and Mr. Ajai Das Mehrotra (Technical Member) has held that the amount deposited with the bank by the corporate debtor in pursuance of an One Time Proposal to show bonafides will remain assets of the corporate debtor and can be taken into custody by…
Flying taxis could reduce an airport commute from 90 minutes to 7. They could better connect small towns to urban areas. Optimistic investors believe they’re the future of urban travel. There’s a lot in the way of making that reality. It comes down to capital. And Lilium, despite raising $1.1 billion since 2021, has run…
New Delhi: The ED has restituted assets worth Rs 4,025 crore of the erstwhile Bhushan Steel and Power Limited to JSW Steel following approval from the Supreme Court, the federal probe agency said on Saturday. JSW Steel was the successful resolution applicant to the assets of the insolvent company under the Insolvency and Bankruptcy Code…
The management company that represents local comedians including Aaron Chen (ABC TV’s Fisk) and Sam Campbell (Taskmaster UK) has gone into administration, leaving dozens without representation — and, in some cases, owed money — four months before Australia’s leading comedy festival kicks off. ABC Arts understands that on November 28 the director of Sydney-based management…
Begbies Traynor jumps as increasing insolvencies boosts profits Proactive Investors Australia Read the original article here
Ukwala Supermarket Announces Final Liquidation Meeting with Creditors MSN Read the original article here
Embattled Crypto Exchange FTX Files for Bankruptcy (Published 2022) The New York Times Read the original article here
The liquidation of Louis Liebenberg’s diamond dealing company is in the spotlight after findings from a SIU report were leaked. A fracas has been unfolding about the integrity of the liquidation process of fraud-accused diamond dealer Louis Liebenberg’s company Tariomix. This after it has come to light that the liquidators’ key legal advisor features in…
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ED restitutes assets worth Rs 4,025 crore in Bhushan Steel bank ‘fraud’ case Daily Excelsior Read the original article here