Independent Sugar Corporation (INSCO), of the Uganda-based Madhvani Group said it has received a favourable order from the Supreme Court of India, clearing its path to acquire Hindusthan National Glass & Industries (HNG) through the Insolvency & Bankruptcy Code (IBC) process. The Supreme Court ruling has resolved a long-standing corporate dispute, allowing INSCO to establish presence in…
This week, Melbourne’s Burnley Brewing has announced that it has entered into liquidation, marking a continuation of a now well-established trend that has seen more than 20 breweries enter into either voluntary administration or liquidation over the past year alone. According to an update published to ASIC, “notice is given that at a general meeting…
Reliance Big Creditors Get Just Rs3.5 Crore Out of Rs483 Crore Debt as NCLT Approves Resolution Plan Moneylife Read the original article here
Genesis interested in buying SolarZero, but there are caveats BusinessDesk Read the original article here
The National Company Law Tribunal (NCLT) has admitted the application for commencement of corporate insolvency resolution process against AVIOM India Housing Finance. Company Value Change %Change On January 27, the Reserve Bank had superseded the board of AVIOM owing to governance concerns and defaults in meeting various payment obligations, and appointed Ram Kumar, ex-CGM of…
Massive ‘liquidation sale’ as shoppers flock to Galway business Galway Beo Read the original article here
Does the KTM brand sound familiar to you? This is more than just a motorcycle brand, it is a symbol of adventure and speed. But even giants go through bitter times and the Austrian company that has been a world leader in the automotive sector is now facing an incalculable challenge: 300,000 motorcycles piled up…
There’s less than a fortnight to go before the polls open in the General Election. The deadline’s passed to register to vote, but there’s still plenty of time to work out where you’ll put that cross on the ballot paper. This week Money Box is talking about housing – focusing on your questions and comments.…