The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways following a petition filed by its Committee of Creditors (CoC). The decision, made by a Bench led by Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan, marks the end of the budget airline’s operations. Go First had filed…
R3 responds to the 2024 annual insolvency statistics NationalWorld Read the original article here
NCLT Dismisses Akshay Kumar’s Insolvency Plea Against Cue Learn Over Rs4 Crore Payment Moneylife Read the original article here
Five well-known South African companies technically insolvent BusinessTech Read the original article here
Annual figures from the Insolvency Service have shown that there were 23,872 registered business insolvencies in England and Wales in 2024 a fall of 5.1% from 2023’s figure of 25,163. The business insolvencies comprised of 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments. The…
The tribunal noted that Kumar’s obligation to render services on the second day was conditional upon receiving the full payment, which he did not. Furthermore, the NCLT observed that any claim arising from the alleged breach of contract would be considered liquidated damages and not operational debt under the IBC. “However, there is no documentary…
Seeka joins court action against oil company Olivado …
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star…
Data breaches and ransomware attacks in the US are increasing companies’ risk of financial losses, in many cases dragging them into bankruptcy or putting them out of business altogether. Data breaches cost companies across the world on average about $4.9 million, and nearly double that amount in the US, according to a 2024 study by…