The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Café Coffee Day (CCD), dismissing a bankruptcy plea filed by IDBI Trusteeship over an alleged ₹228 crore default. The ruling came in response to a petition by Malavika Hegde, a shareholder and…
By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto… Read the original article here
CPR Land Rights Initiative invites you to a talk onBailing Businesses, Boosting Banks: Understanding the Evolution of Insolvency and Bankruptcy Law in India Friday, 28th February 2025, 3:30 PM – 5:00 PM IST Speaker:Ms. Misha, Partner, Shardul Amarchand Mangaldas & Co. Moderator:Dr. Namita Wahi, Senior Fellow, CPR & Founding Director, Land Rights Initiative This is the ninth in…
Elon Musk warns Trump Cabinet: ‘America will go bankrupt’ The Daily News Online Read the original article here
When the owner of Petersham Nurseries was forced to close two London restaurants and a deli in February, the chain blamed several factors, from rising costs to Brexit, but also Rachel Reeves’ November budget. Petersham (UK) Limited, which is owned by the Boglione family behind the Petersham Nurseries garden centre in Richmond, will not be…
ITSL had filed the insolvency petition against CDEL in September 2023 claiming that the latter had defaulted on a payment of over ₹228 crore. As per the petition, IDBITSL the financial creditor (FC) in the case, and CDEL, the corporate debtor, entered into a Debenture Trust Deed in 2019. The FC agreed to subscribe to…
A LANDMARK ruling by Malaysia’s Federal Court has led to a tour agent’s unsuccessful attempt to recover RM6.7 million (approximately US$1.5 million) in gambling-related debt from a businessman, affirming that gambling debts cannot be enforced under the country’s laws. New Straits Times reported today, in a unanimous decision, a three-judge panel at the Federal Court,…
Company collapses in Western Australia have surged 24 per cent, with more than 1200 businesses plunging into insolvency in 2024. 9News Perth and WAtoday can reveal new figures from the Australian Securities and Investments Commission, analysed and provided by WA Senator Dean Smith, which showed construction and hospitality companies were among the hardest hit. Construction…
The Calcutta High Court bench of Justice Shampa Dutt (Paul) has held that gratuity dues are statutorily protected under the Payment of Gratuity Act, 1972, and do not form part of the liquidation estate of the Corporate Debtor under the Insolvency and Bankruptcy Code, 2016 (IBC). The court held that gratuity payments are outside the…
Governor JB Pritzker, along with other healthcare professionals and advocates, gathered at the University of Chicago Pritzker School of Medicine to reveal a new round of medical debt relief for families across Illinois Wednesday. WGN’s Andrea Medina reports on the story. Read the original article here