Romania's UCM Resita goes bankrupt – SeeNews
Romania’s UCM Resita goes bankrupt SeeNews Read the original article here
Zomato wins legal battle; NCLT dismisses insolvency plea – Brand Wagon News
The National Company Law Tribunal (NCLT) has ruled in favour of food delivery giant Zomato, dismissing an insolvency plea filed by B2B apparel manufacturer Nona Lifestyle over alleged unpaid dues of Rs 1.64 crore, CNBC TV18 reported. The decision brings significant relief to Zomato, which was embroiled in a legal battle over non-payment claims linked…
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Christchurch eateries fold with $2.54m debt
A Christchurch takeaway and restaurant business with sushi outlets under the Hachi Hachi brand has folded while owing staff holiday pay and a hefty tax bill. The seven companies, owned by Hachi Hachi founders and directors Titi Khemarangsan and Bundit Kijpalakorn, were placed in voluntary liquidation on March 25. Initial liquidator reports for the businesses…
NCLT dismisses insolvency plea against Zomato over alleged unpaid dues
The National Company Law Tribunal (NCLT) has refused to initiate insolvency proceedings against Zomato, bringing relief to the food delivery giant amid a legal dispute over alleged unpaid dues of ₹1.64 crore. The petition was filed by Nona Lifestyle, a B2B apparel manufacturer, which claimed that Zomato failed to pay for rider uniforms and merchandise,…
NCLT rejects insolvency plea against Zomato
Nona Lifestyle had entered into a business relationship with Zomato to supply uniforms for its employees and delivery partners, including merchandise for the ICC World Cup 2023. The company had planned a campaign during the World Cup. As per the petition, Zomato placed multiple orders for various apparel items, including rider t-shirts, trousers and World…
NCLT dismisses insolvency plea against Zomato over alleged payment default
The National Company Law Tribunal (NCLT) Delhi on Thursday dismissed an insolvency plea filed against food delivery giant Zomato by uniform supplier Nona Lifestyle over an alleged payment default of ₹1.64 crore. The tribunal rejected the petition on maintainability grounds, citing drafting errors, and refused the operational creditor’s request to allow its restoration. Read this…
The risk of insolvency was the highest in the transport and logistics sector in 2024
Share on: 04/03/2025 10:20 The risk of insolvency was the highest in the transport and logistics sector in 2024 The risk of insolvency was highest in the transport and logistics sector last year, with 14 out of every 1,000 companies liable for VAT filing for bankruptcy in 2024. But even in sectors that were hardly…
Bad bank’s top lawyer reveals India’s big insolvency issues
Ishita Sharan, legal head of the NARCL, India’s ‘bad bank’, sheds light on mounting insolvency challenges and the critical role of the bank in tackling stressed assets. Indrajit Basu reports The report also indicates that 1,983 bankruptcy cases remain active within the corporate insolvency resolution process (CIRP) framework. After creditors assess the recovery potential and…
Liquidation report reveals how many millions owed by The Body Shop – Stuff
Liquidation report reveals how many millions owed by The Body Shop Stuff Read the original article here