Travel company ends in bankruptcy, cancels tours and trips – TheStreet
Travel company ends in bankruptcy, cancels tours and trips TheStreet Read the original article here
NCLAT Dismisses Indian Bank’s Appeal to Initiate Insolvency Proceedings Against MBL Infra Director [Read Order]
The Principal Bench, National Company Law Appellate Tribunal (NCLAT), New Delhi, has dismissed Indian Bank’s appeal challenging the NCLT’s rejection of its application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), seeking to initiate personal insolvency proceedings against Anjanee Kumar Lakhotia, former director of MBL Infrastructure Ltd. The appeal arose from an…
ActiveVision NZ goes into liquidation with creditors owed $1.2M
Audio-visual technology supplier and distributor ActiveVision NZ has gone into liquidation after an attempt to reach a compromise with creditors appears to have failed or been abandoned. According to a document posted to the Companies Office, the company owed around $1.2 million after proposing a deal whereby creditors would receive 70% of what they were…
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
[WASHINGTON] Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into bankruptcy just long enough to slash billions of US dollars in debt, according to sources familiar with the plan. The company will soon announce a deal with lenders for a so-called prepackaged bankruptcy,…
Byju’s RP’s suit claims directors owe compensation to company under IBC laws
An EY-backed resolution professional (RP) has filed lawsuits at the National Company Law Tribunal (NCLT) claiming former Byju’s directors owe compensation to the company for fraudulent transfers of the company’s assets, according to people familiar with the matter. The lawsuits invoke a provision under the Insolvency and Bankruptcy Code which provides legal recourse to reverse…
Grain trader HX Food Groups enters liquidation according to GTA | Farm Weekly
Gregor Heard is ACM’s national grains industry reporter, based in Horsham, Victoria.He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role.Prior to that he was with the Fairfax network as a reporter with Stock & Land.Some of the major issues he has reported on during his time with…
Saint Kitts and Nevis among 16 Caribbean countries to boost debt transparency with Commonwealth-IMF support – Winn FM
Saint Kitts and Nevis among 16 Caribbean countries to boost debt transparency with Commonwealth-IMF support Winn FM Read the original article here
Christchurch cafe goes into liquidation
The owners of Christchurch’s London Canteen have let their customers know with “heavy hearts” the cafe at Oderings Garden Centre in Barrington has gone into liquidation. The canteen is under the company Table Bloom with directors listed as Simon Suffolk and Jisuk (Julie) Han who are shareholders with Edmund Tanner. Christchurch liquidator Brenton John Hunt…
Golden Corral in major state goes bankrupt in latest blow to buffet-style dining
Due to health safety measures designed to stop the spread of the potentially fatal disease, the Covid pandemic forced many eateries to adapt to a new normal 16:48 ET, 18 Jun 2025Updated 16:49 ET, 18 Jun 2025 The business did not specify in its bankruptcy petition why it had filed(Image: LightRocket via Getty Images) In…
NCLT approves Rs 67-crore resolution plan for Trident Sugars
The National Company Law Tribunal (NCLT), Hyderabad Bench-I, has approved the Rs 67 crore resolution plan submitted by Delta Sourcing for Trident Sugars Limited (Corporate Debtor). The plan had received unanimous approval with 100% voting share from the Committee of Creditors (CoC). Approved Resolution Plan Details: Successful Resolution Applicant (SRA): Delta Sourcing, a proprietorship firm…