Another startup — Zyngo — faces insolvency proceedings

The National Company Law Tribunal (NCLT), Chandigarh Bench, has admitted an insolvency petition against Zyngo EV Mobility Private Limited, thereby initiating the Corporate Insolvency Resolution Process (CIRP) for the electric vehicle mobility firm. The order, delivered today, comes in response to an application filed by Shree Shayama Constructions Private Limited, a financial creditor, under Section…

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Uni debt relief set to benefit richer students more

Wealthier students are set to benefit more from future plans to cut university debt levels than those on lower incomes, research has shown. Analysis into a federal government proposal to slash HECS debts by 20 per cent found more than half of the financial relief offered will go to the top third of earners. Meanwhile,…

Big win for Gautam Adani, this tribunal approves Rs 20000000000 plans, clears bid for 2 assets of…

Home Business Big win for Gautam Adani, this tribunal approves Rs 20000000000 plans, clears bid for 2 assets of… The CoC initially rejected this proposal, however, reversed its stance in September 2021 after objections from home buyers. Gautam Adani (File Image) The National Company Law Tribunal (NCLT) has approved Adani Properties’ resolution plans for two…