Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential. In January, Seeka joined court proceedings against Olivado. Franks today said aspects of the case had been “disappointing” but any…
Dentsu logo (file image) The bankruptcy court in Mumbai has recently dismissed an insolvency petition filed against Dentsu Communication India, citing a lack of evidence of operational debt and raising concerns over allegedly ‘fraudulent transactions’ involving the company’s former employees and third-party vendors. The Mumbai bench of the National Company Law Tribunal (NCLT) passed this…
The insolvency appellate tribunal NCLAT has upheld an NCLT order directing liquidation of debt-ridden Sintex Plastics Technology. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also rejected the submission of an unsuccessful bidder that NCLT passed an order for liquidation even though its lone CoC member had abstained from voting. RBL Bank…
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High Court grants rare remedy of winding up of company in shareholder dispute Herbert Smith Freehills Read the original article here
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More Amazon oil? The saga’s possible ramifications are not limited to the national economy. Peru’s sprawling Amazon rainforest, home to 1.6 million Indigenous people and a vital buffer against climate change, is also in the firing line. PetroPerú’s main business is refining and transporting oil, much of it from the Peruvian Amazon to a terminal…
IBC Weekly Round-Up [14th April-20th April 2025] Live Law Read the original article here
Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that Key’s liabilities exceed its admitted assets. The court found that Key’s consistent underwriting losses, existing claims and…
Bill Maher piled on the insults at Jay Leno’s expense following theories that the legendary late-night host’s recent injuries were the results of his gambling debts. Sitting down for Maher’s “Club Random” podcast, Maher brought up the brutal facial wound that Leno suffered when he fell down a hill while at a hotel in Pennsylvania…