For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails About 350 jobs are expected to go across 26 stores as the Irish branch of fashion retailer New Look enters…
The National Company Law Appellate Tribunal (NCLAT) Chennai has allowed the appeal filed by the Coffee Day Enterprises Limited (CDEL) and set aside the proceedings of Corporate Insolvency Resolution Process (CIRP) initiated against the Company as per the National Company Law Tribunal (NCLT) Bangalore. The matter stems out from IDBI Trusteeship Limited (ITSL) filing the…
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Shares of Strategy (NASDAQ: MSTR) have dropped by over 55% from the November 24 high at $543 to around $250. With the software intelligence firm now holding approximately 499,096 Bitcoin—worth around $44 billion at current prices—market participants are wondering whether the company could ever face a forced liquidation of its massive Bitcoin treasury. On Tuesday,…
“The director advised the company was placed into liquidation due to the Covid-19 pandemic and the company’s main contractor cancelling the contract on a short notice,” the liquidator’s first report said. Zhang told the Herald the software firm had been inactive for around 18 months by the time of his appointment. The only significant potential…
Equity Commonwealth (NYSE: EQC) has completed the sale of its final property, 1225 Seventeenth Street in Denver, Colorado, for $132.5 million ($124.4 million net after credits) on February 25, 2025. This marks a significant milestone in the company’s liquidation process. Following shareholder approval of the Plan of Sale and Dissolution…
National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday (February 27, 2025) set aside the insolvency proceedings against Coffee Day Enterprises Limited, which runs Cafe Coffee Day chain. NCLAT, which earlier reserved its order, pronounced the ruling on Thursday (February 27, 2025) and the detailed order copy is awaited. In a stock exchange announcement, the…
BRUSSELS — Several major EU countries are advocating that the bloc’s carbon border tax be expanded in the coming years to help repay over €300 billion in pandemic-era debt. France, Italy and Poland are the big hitters behind the push. They argue that the EU desperately needs new revenue streams and that the carbon border…
Prepared by Giulio Nicoletti, Ralph Setzer, Mika Tujula and Peter Welz Published as part of the ECB Economic Bulletin, Issue 2/2022. 1 Introduction The coronavirus (COVID-19) crisis was a major shock for the non-financial corporate (NFC) sector. The pandemic and the associated containment measures translated into a large drop in sales for firms. The rapid pace…
According to section 60(5) of the code, the NCLT has the authority to decide any matter pertaining to priorities, laws, or facts that arise from or are connected to the settlement of the corporate debtor’s insolvency The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) is empowered to…