A Management Consultant who secured two Covid Bounce Back Loans – totalling £80,000 – having twice significantly overstated his company’s turnover has been disqualified for 11 years. Romain McLean was the sole director of RMC Associates Limited, registered at Kingston Road in Wimbledon. He applied for a £30,000 Covid Bounce Back loan for his business…
Gensol Engineering insolvency: NCLT admits Ireda’s plea on ₹510 crore default Mint Read the original article here
On May 7, the Securities Appellate Tribunal (SAT) refused to stay SEBI’s interim order. The Appellate Tribunal directed Gensol to file its reply to the interim order passed by SEBI and further directed the markets regulator to pass a final order within four weeks of hearing Gensol. On May 28, NCLT ordered for freezing of bank…
Workers at JCT Ltd, one of Punjab’s oldest textile manufacturers, have welcomed the National Company Law Tribunal’s (NCLT) decision to initiate the Corporate Insolvency Resolution Process (CIRP) against the debt-ridden company. Advertisement The ruling, issued by the Chandigarh bench of the Tribunal on Tuesday, marks a significant shift in the company’s management and raises hopes…
The Ahmedabad bench of the National Company Law Tribunal on Friday admitted Gensol Engineering Ltd. into insolvency on a plea filed by the Indian Renewable Energy Development Agency Ltd. While the company has formally entered the corporate insolvency resolution process, an interim resolution professional is likely to be selected from the Insolvency and Bankruptcy Board…
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Kellton Tech Solutions Adjusts Evaluation Amid Strong Debt Management and Growth Challenges MarketsMojo Read the original article here
Australian company The Shoe Group has expressed interest in a possible acquisition of Wittner and has entered into a period of exclusivity with the voluntary administrators. The Shoe Group’s chairman Ian Unwin said the business felt excited about the opportunity to bring Wittner into the group. Women’s shoe brand Wittner has become the latest retail…
What increases your total loan balance? AOL.com Read the original article here