Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Read the original article here
Over 2,000 households across Scotland, England and Wales had debt worth more than £947,000 of written off by the British Gas Energy Trust. Over 2,000 households had debt worth more than £947,000 of written off by the British Gas Energy Trust.(Image: Getty Images ) The British Gas Energy Trust has reopened its Individuals and Families…
Ericsson misusing insolvency code for coercion and debt recovery, Rcom tells NCLT Mint Read the original article here
Successful Resolution Applicants Are Bound to Implement Resolution Plan Within Statutory Timelines or Face Consequences | Image: Initiative Desk Analysis of TAGUDA PTE LTD V. STATE BANK OF INDIA & ANR. Hardeep Sachdeva, Abhyudai Singh, Swati Sharma & Damini Sinha The Insolvency and Bankruptcy Code, 2016 (“IBC“) establishes a comprehensive time-bound legislative framework, which has…
The Dutch branch of the jewellery chain Claire’s, Claire Netherlands B.V., has initiated insolvency proceedings and been granted a suspension of payments. This follows similar actions by the company’s branches in the U.S., France, Belgium, and the UK in recent weeks. The Dutch website for Claire’s is currently offline. Although Claire’s stores are currently remaining…
Administrators appointed to logistics business at risk of liquidation TheBusinessDesk.com Read the original article here
Anil Ambani’s counsel is learnt to have urged the State Bank of India (SBI) to withdraw its decision classifying the debt-laden telecom operator and its promoter-director Anil Ambani as “fraud.” The counsel claimed the move was made “without giving Anil D. Ambani a chance to present his case.” Once among India’s largest mobile service providers,…
Introduction In 2016, the Insolvency and Bankruptcy Code (IBC) was introduced, fundamentally changing how distressed businesses in India are restructured and how debt recovery is managed. The IBC has paved the way for significant corporate restructurings, including the high-profile acquisition of Essar Steel by ArcelorMittal and the impending acquisition and revival of Videocon Industries by…
The Kolkata bench of the National Company Law Tribunal (NCLT) directed the liquidation under section 33 of Insolvency Bankruptcy Code (IBC), 2016 in absence of Resolution Plan even after extending the time period. he tribunal ordered the liquidation of Shomuk Consultancy Services Private Limited, the Corporate Debtor and Mr. Mahesh Chand Gupta is appointed as…
Reliance Communications (RCom) is learnt to have urged the State Bank of India (SBI) to withdraw its decision classifying the debt-laden telecom operator and its promoter-director Anil Ambani as “fraud.” Company sources claimed the move was made “without giving Anil D. Ambani a chance to present his case.” Once among India’s largest mobile service providers,…