But he will still appear on the WA Senate ballot paper, as electoral laws do not allow the commission to reject a fully completed nomination “regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate”. Read the original article here
Soummo Biswas Shardul Amarchand Mangaldas & Co (SAM), AZB & Partners and Khaitan & Co have worked on various aspects of the insolvency proceedings for Vadraj Cements. The National Company Law Tribunal approved the INR18 billion (USD209.3 million) resolution plan in Mumbai on 1 April 2025. SAM advised the committee of creditors of Vadraj Cements,…
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Religious leaders gather at the Capitol to support the Medical Debt Reset Act. Credit: Clint Combs/MSR Minnesota lawmakers have introduced the Medical Debt Reset Act, setting aside $5 million to help the nonprofit Undue forgive up to $500 million in medical debt. The legislation aims to provide financial relief to Minnesotans with a household income…
India’s Corporate Insolvency Resolution Process recognised in Singapore for the first time Ashurst Read the original article here
Shares of Zomato surged 3% on Friday after the company said it is proceeding with the liquidation of its subsidiary Zomato Netherlands B.V. “…we wish to submit that Zomato Netherlands B.V. (‘Zomato Netherlands”), a step-down subsidiary of Eternal Limited (formerly known as Zomato Limited) (‘the Company”) situated in the Netherlands, has initiated the process of…
The corporate regulator has revealed it will not prosecute the directors of Bonza following the collapse of the budget airline last year. The Sunshine Coast-based carrier suspended all flights and entered voluntary administration in April 2024. Liquidators Hall Chadwick alleged the company traded while insolvent. On Friday a spokesperson for the Australian Securities and Investment…
Compeer was liquidated after the sudden death of its CEO and majority shareholder earlier this year. A transaction with a new company starts a fresh chapter. The intellectual property and databases of UK-based wealth management benchmarking firm Compeer have been bought by a new business, BWC Benchmarking Limited, WealthBriefing can exclusively report. The formal…
London: Businessman Vijay Mallya suffered another legal setback on Wednesday as the London High Court dismissed his appeal against a bankruptcy order issued in July 2021. The case revolves around a staggering £1.28 billion debt owed by Mallya to a consortium of Indian banks, including the State Bank of India. … Read the original article…
Zomato Ltd.’s share price jumped 3.32% on Friday following the announcement that its inactive Netherlands subsidiary, Zomato Netherlands B.V., had initiated liquidation. Zomato, now known as Eternal Ltd., disclosed the liquidation process began on April 9. Zomato Netherlands, a step-down subsidiary of Eternal, has been inactive and does not contribute to the company’s turnover or…