SKAS Secures NCLT Approval For Composite Scheme Of Arrangement For Genus Group Of Companies – BW Legal World
SKAS Secures NCLT Approval For Composite Scheme Of Arrangement For Genus Group Of Companies BW Legal World Read the original article here
Case Digest on Rulings of NCLAT under IBC
Section 410 of the Companies Act, 2013 created the National Company Law Appellate Tribunal (NCLAT) with effect from June 1, 2016, to consider appeals against the decisions of the National Company Law Tribunal(s) (NCLT). When it comes to appeals against NCLT(s) orders issued under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC), NCLAT…
Blokker to reopen 30 to 40 stores months after bankruptcy
Blokker, the Dutch household retail chain that was declared bankrupt at the end of last year, is planning to return to the market with 30 to 40 new stores across the Netherlands. That figure, while not officially confirmed by the company, has been cited by several suppliers and individuals involved in ongoing negotiations with the…
SC strikes down JSW Steel’s Bhushan Power deal over funding structure and delays, orders liquidation
The Supreme Court on May 2 struck down JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL), ordering the debt-laden company to be liquidated instead. The ruling cited two key reasons for its decision: JSW’s use of a mix of equity and optionally convertible debentures (OCDs) to complete the takeover—when it should…
Cannabiz Awards 2025 Entry Form
Hemp Product of the Year Cannabiz Award for Innovation Best Use of Technology Best Education/Engagement Initiative Clinic of the Year Dispensary/Pharmacy of the Year Best Patient-Focused Initiative Environmental, Social and Governance Award Start-up/Launch of the Year Cultivator of the… Read the original article here
Planet Ark goes into voluntary administration
Nationally, Australia has committed to 70 per cent of plastic packaging being recycled by next year. The most recent figures suggest we are less than halfway there. The packaging and consumer goods industry has abandoned its long-held antipathy to government regulation, and has been calling for a mandatory scheme to ensure national consistency and that…
Pope’s death, US aid cuts complicate Vatican’s debt relief push
London, UKReuters The death of Pope Francis and global aid cuts led by the United States could complicate the work of a group of experts assembled by the Vatican to bring debt relief and a fairer financing system to the world’s poor. Developing countries are already grappling with shrinking concessional financing and difficulty accessing bond…
Business.Scoop » Latest Insolvency Report Urges Kiwi Business Owners To Heed Early Warning Signs
Press Release – BWA Insolvency Industries hit hardest in the last quarter were tourism, transport and delivery, construction and manufacturing. The construction industry has seen continued high rates of business failure Latest insolvency figures reveal a sharp rise in business failures, highlighting both challenges and opportunities for New Zealand business owners. The BWA Insolvency Quarterly…
Latest Insolvency Report Urges Kiwi Business Owners To Heed Early Warning Signs
Friday, 2 May 2025, 2:41 pmPress Release: BWA Insolvency Latest insolvency figures reveal a sharp rise in business failures, highlighting both challenges and opportunities for New Zealand business owners. The BWA Insolvency Quarterly Market Report released today shows insolvency rates between January and March 2025 surged by 31% compared to the same period in the…
Jennyfer files for liquidation after 40 years in business: nearly 1,000 jobs at risk
Jennyfer, a French fast-fashion chain catering to teens and young women, has filed for court-ordered liquidation after four decades in business. The ruling came on April 30 from the Bobigny commercial court, following a request from company management due to persistent financial hardship. The decision had already been shared with employee representatives the evening prior,…