TEMPO.CO, Jakarta – Indonesia’s troubled textile firm PT Sri Rejeki Isman, or Sritex, is in talks with potential investors to take over assets under a lease scheme, the company’s curator said on Monday. Sritex was declared bankrupt at the end of last year as it struggled to service its debts, which reached $1.6 billion in June.…
Lendela, an Australia-based loan matching platform, is partnering with debt relief and management firm Revive Financial, in a move to empower Australians who struggle to secure loans due to financial distress. By integrating debt management solutions from Revive Financial into its loan matching ecosystem, Lendela aims to offer consumers in Australia tailored debt solutions to…
A New Student Debt Relief Bill Is In The Works And Open For Public Comment 2oceansvibe News Read the original article here
The Liquidator undertakes the Insolvency Resolution Process in light of lack of any promoters or directors of the company being present or reachable In a recent ruling, the West Bengal Authority for Advance Ruling (AAR) has held that any sale of assets of a company in liquidation conducted by its liquidator qualifies as a supply…
Coffee Day Enterprises stock soared 20% for the second consecutive day after the National Company Law Appellate Tribunal (NCLAT) overturned insolvency proceedings against the company. New Delhi, Mar 4 (PTI) Shares of Coffee Day Enterprises, parent company of Coffee Day chains, soared 20 per cent on the bourses for the second straight day on Tuesday…
Tuesday, 4 March 2025 08:26 The Department for Enterprise says it won’t know how much government money has been recovered from a failed TT merchandise business until it’s been liquidated. Cube International – which won the contract to supply official TT merch – collapsed in 2023 owing more than £160,000. A Freedom of Information request…
Solo. Indonesia’s textile giant Sri Rejeki Isman (Sritex) will cease all factory operations in Central Java on Saturday, following a bankruptcy ruling over its failure to repay debts. The shutdown of the country’s largest textile company will affect more than 10,000 workers across the province. The Supreme Court recently rejected Sritex’s appeal, upholding the Semarang…
The National Company Law Tribunal (NCLT), New Delhi bench of Shri Manni Sankariah Shanmuga Sundaram (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) has admitted insolvency proceedings under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC/ Code) against Ansal Properties and Infrastructure Limited. The Tribunal declared moratorium under section 14 of the Code.…
Noida Sports City Scam Case: Allahabad HC issued Guidelines on Rights of Other Members of Consortium When one Member Goes Into Insolvency taxscan.in Read the original article here
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