Vedanta’s spokesperson swiftly rebuffed the claims, stating, “All business activities of VSPL have been transparently disclosed and are in line with statutory norms. Loans between VSPL and Vedanta Ltd were executed in full compliance with applicable laws, corporate governance standards and both Vedanta Ltd and VSPL have consistently reported accurate loan terms, interest rates and…
Helen McLaughlin, a Tatton constituent, met with MP Esther McVey in London as part of the Act Now Change Forever Climate Lobby, which saw thousands gather outside Parliament to urge action on climate change, debt, and nature. The event, organised by The Climate Coalition, was the largest of its kind in more than a decade and…
Gambler sues Tabcorp over $900k debt The Australian Read the original article here
SINGAPORE – After 13 years, Proof & Company Spirits – the Singapore-based distribution arm of independent spirits company Proof & Company – has entered provisional liquidation. It cited closures in the food and beverage scene as a reason for its decision to close. “The decision follows a period of mounting challenges for the F&B and…
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On, August 2, 2017, the National Company Law Tribunal (NCLT) approved India’s first resolution plan, that of Synergies-Dooray Automotive Ltd, under the newly enacted Insolvency and Bankruptcy Code (IBC). The insolvency plea of the Hyderabad-registered automotive spare parts manufacturer, which made aluminium alloy wheels for global automakers, was admitted in the NCLT on January 23,…
The National Company Law Tribunal (NCLT), Kochi Bench of Shri Vinay Goel (Judicial Member) and Smt. Madhu Sinha (Technical Member) has held that once claims are filed before the Liquidator, the Liquidator is obligated under Section 40 of the IBC to either accept or reject them. The Liquidator cannot direct the claimant to approach the…
Helrom, a German company specialising in the rail transport of semi-trailers, has filed for preliminary insolvency proceedings, Director of Sales Bruno Weissmann said on LinkedIn. The cause behind this is “an unsuccessful financing round”. Subscribe to gain access to all news Already have a subscription? Log in. Choose your subscription Or Want to read this…
By PwC PwC’s Global insolvency year in review 2024 presents a detailed analysis of insolvency trends across major global economies. While the report includes Africa-focused content developed by PwC Africa colleagues – covering South Africa, Ghana and Kenya – the following summary highlights the key insights related to South Africa. The South African economy has…
The Supreme Court today(July 21) dismissed civil appeals filed by the Board of Control for Cricket in India (BCCI) and Riju Ravindran challenging the National Company Law Appellate Tribunal (NCLAT) judgment holding that the application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) of Think and Learn Pvt Ltd (the company running Byju’s) needed…