The court dismissed the company’s claims that with GVK Power’s resolution plan going through the debt had been extinguished. | Photo Credit: ANDREW KELLY National Company Law Tribunal’s Hyderabad bench has permitted insolvency proceedings to be initiated against GVK Energy, following a petition filed by lender IDBI Bank. GVK Energy, a subsidiary of GVK Power…
Many Americans are in a tight spot: Average credit card debt has topped $7,300, and nearly two-thirds say it’s delaying major life decisions. One option is to prioritize paying off that debt over 401(k) contributions. But skipping 401(k) contributions means missing out on long-term growth and, for many, ‘free’ money from their employers. So should…
Dear For Love & Money, My wife and I have had decent jobs covering our comfortable lifestyles for over two decades of marriage. Our kids are getting older, however, nearing college, and one is heavily involved in sports. Between inflation, baseball tournaments, and other opportunities for our teens, lately, we’ve become buried in credit card…
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by SNJ Synthetics Limited against an order by the National Company Law Tribunal (NCLT), Chandigarh Bench-I, in a case involving PepsiCo India Holdings Private Limited. The appeal challenged the NCLT’s decision to dismiss SNJ Synthetics’ application to initiate the Corporate Insolvency Resolution Process…
The National Company Law Tribunal (NCLT), Hyderabad Bench, on Wednesday initiated insolvency proceedings against GVK Energy Limited, a corporate guarantor for GVK Power (Goindwal Sahib) Ltd, following a petition filed by IDBI Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC). The tribunal dismissed GVK Energy’s objections, ruling that the default exceeded ₹1,106…
BECOME DEBT FREE IN AS LITTLE AS 24-48 MONTHS If you owe more than $10,000 in credit card or other unsecured debt, see how National Debt Relief can help resolve your debt for a fraction of what you owe. ONE AFFORDABLE MONTHLY PAYMENT PROGRAM We work with you to set up a monthly payment that…
At 1.17pm on 15 August 2018, Sam* logged in to his online betting account and gambled five days’ worth of wages. Already deep in debt – having taken out 13 loans over three years, and with his marriage under strain – he had been desperate to quit. But Sky Betting & Gaming, operator of Sky…
Maharah unit announces voluntary liquidation of subsidiary أرقام Read the original article here
This webinar is part of our In-House Lawyers 2025 programme of events. To find out more about the other sessions in this series, click here. As economic pressures mount, understanding corporate insolvency processes has never been more critical. Join us for a focused training session exploring key corporate insolvency procedures, their implications, and why early…
Access Denied You don’t have permission to access “http://www.telegraphindia.com/business/bankruptcy-board-of-india-touts-success-as-creditors-realise-%E2%82%B93-89-lakh-crore-prnt/cid/2098650” on this server. Reference #18.20b42e17.1746936973.1a54794e https://errors.edgesuite.net/18.20b42e17.1746936973.1a54794e Read the original article here