After the Waaree takeover, Indosolar’s fortunes improved: the formerly loss-making company posted a net profit of ₹9.48 crore for Q3 of FY25 | Photo Credit: iStockphoto Shareholders of erstwhile Indosolar were in for a pleasant surprise last week. Those who thought their investment had vanished saw the stock rise like a phoenix. Indosolar was acquired…
SIERRA QUADRANT BUCHAREST BRANCH SPRL, headquartered in Bucharest, Str. Traian no. 2, Unirii Complex, Bl. F1, section 3, 1st floor, ap. 3, sector 3, registered under RFO II-0393, VAT ID RO 25852407, email [email protected], in its capacity as judicial liquidator of the company DONAU CHEM SRL, headquartered in Turnu Măgurele, Portului Street no. 1, Teleorman…
The Supreme Court has ruled that the NBU’s decision on the insolvency of Subotin’s Megabank is legal Sofiia Afonina News editor at LIGA.net 12:03 … Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that the mere signing of a Master Restructuring Agreement, wherein a third party undertakes to discharge the liabilities of the Corporate Debtor, does not result in the extinguishment of the Corporate…
NCLAT Fortnightly: Important orders on IBC (February 1 – February 16, 2025) Bar and Bench Read the original article here
A significant uptake in small business restructurings (SBRs) over the last few years, and other data, suggest the SBR regime is playing an important role in assisting struggling small businesses to survive, a new ASIC report reveals. Report 810 Review of small business restructuring process: 2022–24 (REP 810) showed there were 3,388 SBR appointments that…
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has upheld the liquidation proceedings, noting that Taguda Pte Ltd, the Successful Resolution Applicant (SRA) failed to obtain the requisite regulatory approvals within the stipulated timeline. Coming to the facts of the present case, the Corporate Insolvency Resolution Process (CIRP) was initiated against Ushdev…
Dundee pub firm liquidated owing taxman £140,000 The Courier Read the original article here
Clarke Homes has been entered into administration and owes more than $3 million to creditors. (Source: Facebook) Significant concerns for the construction industry have been raised after another Australian building company collapsed. Clarke Homes, which is based on the NSW Central Coast, was plunged into administration this week after a meeting with creditors. It owes…
The world’s largest sportswear company will be in court next week as it seeks nearly $250,000 it claims it is owed by a collapsed Australian surf retailer. SurfStitch, which touts itself as the country’s number one online surf and fashion store, fell into administration earlier this month after Nike Australia filed a winding up order…