The National Company Law Tribunal (NCLT) serves as the adjudicating authority for corporate insolvency resolution processes, liquidation and corporate debt restructuring under the IBC. The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to streamline corporate insolvency resolution, liquidation, and debt restructuring, while ensuring a time-bound process that adequately balances the interests of creditors and…
Former directors of BHS liable for wrongful trading and misfeasance Herbert Smith Freehills Read the original article here
The High Court on Wednesday mandated the winding up of Physical Health Centre (TST) Limited, a subsidiary of the now-defunct gym chain Physical, following a liquidation petition filed by Link Asset Management Limited, a property management company. The order was issued after the subsidiary’s representative failed to attend the hearing. Master Maurice Lam…
Bruno Mars Jokes He’ll ‘Be Out of Debt in No Time’ While Sharing 150 Million Streaming Milestone amid Gambling Chatter MSN Read the original article here
The TOI correspondent from London: Fugitive Indian businessman Vijay Mallya’s barrister told a London court that the banks pursuing Mallya are “acting in bad faith” and not being transparent as he made a failed attempt to adjourn Mallya’s appeal hearing against his bankruptcy order in the London high court on the first day of its…
CALIFORNIA — Nearly all Joann fabric and craft stores in California are liquidating their inventory and closing following the company’s bankruptcy news — and big sales are expected. According to the retailer’s online store locator, 61 of California’s 75 Joann locations are now labeled “liquidation stores.” The remaining 14 stores in Clovis, Covina, El Cajon,…
by News 3 Staff Mon, March 18th 2024 at 6:28 PM Updated Tue, March 19th 2024 at 1:47 AM LAS VEGAS, NV – MAY 20: Singer Bruno Mars speaks onstage at the 2018 Billboard Music Awards at the MGM Grand Garden Arena on May 20, 2018 in Las Vegas, Nevada. (Photo by Kevin Winter/Getty Images)…
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US appeals court blocks Biden-era student debt relief plan MSN Read the original article here
US appeals court blocks Biden’s student debt relief program Anadolu Agency | English Read the original article here