Anil Ambani wins big as NCLAT suspends insolvency order against Reliance Infra after… – MSN
Anil Ambani wins big as NCLAT suspends insolvency order against Reliance Infra after… MSN Read the original article here
Anil Ambani wins big as NCLAT suspends insolvency order against Reliance Infra after…
Home Business Anil Ambani wins big as NCLAT suspends insolvency order against Reliance Infra after… Anil Ambani-led Reliance Infrastructure stated that it has already paid the dues in full to DSPPL, and asserts that the plea was time-barred as the invoice dates back to September 2018. Anil Ambani (File) In a major relief for Anil…
NCLAT suspends NCLT’s insolvency order against Reliance Infra
Reliance Infrastructure Ltd. (RInfra) on Wednesday (June 4, 2025) said National Company Law Appellate Tribunal (NCLAT) has suspended the insolvency proceedings ordered against the company. “The NCLAT in New Delhi today suspended the National Company Law Tribunal’s (NCLT) May 30 order, admitting the company into the corporate insolvency resolution process (CIRP),” the company said in a…
Feldmuehle GmbH files for insolvency proceedings
The German paper manufacturer Feldmuehle GmbH has filed for insolvency proceedings. In a press statement, the company writes: “Feldmuehle GmbH, has been adversely and unforeseeably affected this current year due to the difficult situation in the energy markets, by unexpected increased energy costs and procurement prices for raw materials. During the current year, management has…
Meyer Burger Shuts Arizona Facility as German Subsidiaries File for Insolvency
Solar cell and module manufacturer Meyer Burger Technology has announced that its German subsidiaries, Meyer Burger (Industries) and Meyer Burger (Germany), have initiated insolvency proceedings as restructuring efforts were unsuccessful. Meyer Burger stated that it had made intensive efforts to keep the sites operational during the restructuring negotiations. However, the efforts yielded no success, and…
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NCLAT stays insolvency proceedings against Reliance Infrastructure- The Week
New Delhi, Jun 4 (PTI) In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it. “In the appeal…
Builder.ai coded itself into a corner – now it’s bankrupt • The Register
Comment The collapse of Builder.ai has cast fresh light on AI coding practices, despite the software company blaming its fall from grace on poor historical decision-making. Backed by Microsoft, Qatar’s sovereign wealth fund, and a host of venture capitalists, Britain-based Builder.ai rose rapidly to near-unicorn status as the startup’s valuation approached $1 billion (£740 million).…
NCLAT halts insolvency proceedings against Reliance Infrastructure
In a significant relief for Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings initiated against the company.In a regulatory filing, Reliance Infrastructure confirmed that the appellate tribunal has suspended the earlier order passed by the National Company Law Tribunal (NCLT), Mumbai, reported PTI.“In the appeal filed, the NCLAT,…
Liberty Steel’s South Yorkshire operations lost £340m in four years | Steel industry
Liberty Steel’s operations in South Yorkshire lost £340m in four years, according to figures that shine a light on the difficulties facing a business on the brink of liquidation that employs 1,450 people. The company, owned by the metals magnate Sanjeev Gupta, is desperately searching for investors or lenders before a 16 July deadline, after…