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RIAG Sues Palisade Debt Management For Deceptive Practices

Attorney General Peter F. Neronha announced a suit against Michael Moccia and Palisade Legal Group debt management for deceptive practices. PROVIDENCE, R.I. – Attorney General Peter F. Neronha announced today the filing of a lawsuit against Michael Moccia and Palisade Legal Group, PLLC, a debt management service provider, alleging they violated Rhode Island’s Unfair and…

Sritex, a legendary textile mill, goes bankrupt

The Semarang City Commercial Court has granted the request of one of PT Sri Rejeki Isman’s Tbk (Sritex) creditors to maintain the continuity of debt payment obligations (PKPU), thus declaring the legendary textile company bankrupt. Semarang City Commercial Court Spokesperson, Haruno Patriadi, said in Semarang, Central Java, on Wednesday, October 23, 2024, confirming the decision that befalls PT Sritex to go bankrupt. According to…

Information To The NeSL/Information Utility Is Not Mandatory For Ascertainment Of Default: NCLT Mumbai

The National Company Law Tribunal (NCLT), Mumbai Bench of Ms. Reeta Kohli, Member (Judicial) and Ms. Madhu Sinha, Member (Technical) admitted the Section 7 application filed by Asset Care and Reconstruction Enterprise Ltd on seeking to initiate Corporate Insolvency Resolution Process against Rajesh Buildspace Private Limited due to default in payment of interest. Brief Facts…