Zomato is facing potential insolvency proceedings as Nona Lifestyle Pvt Ltd has filed a petition with the National Company Law Tribunal (NCLT) seeking to restore an earlier insolvency plea under Section 9 of the Insolvency & Bankruptcy Code. Nona Lifestyle claims Zomato owes ₹1.64 crore, including interest, due to delayed payments and incomplete delivery, a…
One of New Zealand’s largest cherry growers, Cherri Global, has gone into liquidation, according to reporting from Farmers Weekly. According to the publication, Cherri Global, including its subsidiary companies Cherri Holdings and Cherri Machinery, was placed in liquidation on 8 March through a special resolution of shareholders. Janet Sprosen and Stephen White of PwC New…
According to their first report, Libelle’s cash reserves were “exhausted” and it was no longer able to purchase essential goods and services to enable ongoing trading after paying employee wages on March 6. “We understand that the director, after taking advice and considering alternative options, resolved to appoint liquidators by reason of the company’s liabilities…
Dr. Lal PathLabs Consolidates Operations with Subsidiary Liquidation TipRanks Read the original article here
Insolvency-related activity in Dorset and the South East rose by more than 23 per cent last month. The increase was reported by R3, the UK’s insolvency and restructuring trade body, which analysed data from Creditsafe. The data revealed a rise in insolvency-related activities from 172 in January to 212 in February. These figures include administrator…
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IMF conditionally ‘agrees’ to circular debt management plan – Daily Times We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy Read the original…
Ola Electric shares tumbled nearly 7% on Monday, sinking below Rs 50 for the first time. The stock hit a record low of Rs 46.94 on the Bombay Stock Exchange (BSE) in early trade. By 10:54 am, it was trading at Rs 47.25, down 6.51%. The slump came after the company revealed that an insolvency…
Swindon & Wiltshire Economy Tuesday March 18 2025 Author Name: Peter Davison Insolvency-related activity increased by more than 23 per cent across across the Thames Valley and Wiltshire region last month, according to R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a rise in insolvency-related activities from…
Ashok Hinduja, Chairman of IndusInd International Holdings Ltd (IIHL), announced on Tuesday that the acquisition of debt-ridden Reliance Capital (RCAP) has been successfully completed. The bid amount has been transferred to lenders, with the management transfer expected to occur on Wednesday. It is to be noted IIHL emerged as the successful resolution applicant in April 2023,…