New Delhi, May 1 (UNI) The National Company Law Appellate Tribunal (NCLAT) on Thursday rejected an appeal by Drilltech Engineers that challenged the Chandigarh Bench of the National Company Law Tribunal (NCLT) for refusing to initiate insolvency proceedings against real estate giant DLF Limited. The appellate bench, headed by Justice Ashok Bhushan (Chairperson) and comprising…
NCLT Allows Second Challenge Round In Frost International Insolvency To Maximise Value For Creditors | Representational Image In connection with the ongoing insolvency proceedings of Frost International Limited(FIL), the National Company Law Tribunal (NCLT), Mumbai Bench, has permitted the Committee of Creditors (CoC) to conduct a second challenge mechanism for selecting a resolution plan, paving…
It’s rare to see a company founded in the 17th century still operating today—but that was the case for Hudson’s Bay Company. Once a dominant force that governed what is now Canada for over 200 years, and one of the most legendary businesses in North America, it now finds itself on the brink of bankruptcy.Today,…
American Association for Debt Resolution and Consumer Debt Relief Initiative Announce Formation of the Association for Consumer Debt Relief (ACDR) Business Wire Read the original article here
Battery recycler Li-Cycle announced Thursday that it was seeking buyers for its business and assets – hoping to strike a deal and avoid filing for bankruptcy protection. The Canadian company was building a massive hub facility at Eastman Business Park but abruptly halted construction in the fall of 2023, citing escalating construction costs. Since then,…
South Africa sees 8% drop in business liquidations in March MSN Read the original article here
The business holds the licences for Australian surf brands Roxy, Billabong and Quiksilver has filed for bankruptcy in the US. Liberated Brands has filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code, the company confirmed in a statement. The company will close over 100 of its retail locations in the US…
FRP Advisory Group reports director’s role in Burrington Estates liquidation By Investing.com Investing.com India Read the original article here
Li-Cycle is for sale, bankruptcy may be next, company warns Rochester Business Journal Read the original article here
FRP Advisory Group reports director’s role in Burrington Estates liquidation Investing.com Australia Read the original article here