'Made producer sell Benz car and go bankrupt' ; Production controller opens up – Kerala Kaumudi
‘Made producer sell Benz car and go bankrupt’ ; Production controller opens up Kerala Kaumudi Read the original article here
Latest Financial News, Finance News today in Bangladesh
A new methodology is being devised to streamline lopsided government-liability management against treasuries as the existing system creates an unpredictable financial burden amid maturity of too many bills and bonds together. The government borrows through treasury bills and bonds and many of which mature in a single year. However, in some years, very few such…
Excise Order against Liquidated Company is not sustainable: CESTAT
The Tribunal found that the National Company Law Tribunal (NCLT) had allowed the application of the Resolution Professional and ordered liquidation of the Company/Corporate Debtor. The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that excise Order against a liquidated company is not sustainable. The Tribunal found that the…
NCLT Reverses Insolvency Proceedings Against Logix Infra – BW Businessworld
NCLT Reverses Insolvency Proceedings Against Logix Infra BW Businessworld Read the original article here
Chinese developer Sino-Ocean’s debt plan wins court approval in UK
Indebted Chinese developer Sino-Ocean Group won approval for its restructuring plan from a UK court on Monday despite objections from some creditors, potentially paving the way for it to prevail in a liquidation lawsuit in Hong Kong. London’s high court approved the builder’s offshore restructuring proposal, which allows the state-backed company to overhaul some US$6…
Meet man whose business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was…
Home Business Meet man whose business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was… Nusli Wadia, born in 1944 into the esteemed Wadia family, carries forward a significant heritage of business acumen and creativity. Meet man whose business went bankrupt, net worth is still Rs 43894 crore, his name…
NCLT recalls insolvency order against Logix Infra, cites ‘fraudulent and mala fide’ intentions
In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide intentions” and a collusive petition was filed by the financial creditor. NCLT said “there is a nexus and connection” between its…
Meet man who business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was…
Home Business Meet man who business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was… Nusli Wadia, born in 1944 into the esteemed Wadia family, carries forward a significant heritage of business acumen and creativity. Meet man who business went bankrupt, net worth is still Rs 43894 crore, his name…
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PKF Attest launches compliance service for corporate insolvency
Professional services firm PKF Attest has introduced a new advisory and technical consulting service aimed at mitigating business liability in potential insolvency situations. This service is designed for company executives and high-level management, addressing the proactive measures required by the new European directive to prevent insolvency cases. The initiative has already completed a pilot phase…