SKIL Infrastructure Advances in Insolvency Resolution Process

TipRanks Cyber Monday Sale SKIL Infrastructure Limited ( (IN:SKIL) ) has provided an announcement. SKIL Infrastructure Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT) in Mumbai admitted the application for insolvency proceedings in February 2024, and an Interim Resolution Professional…

NCLT Ahmedabad Admits Another Blu-Smart Subsidiary Into Insolvency Over ₹16.25 Crore Default

The National Company Law Tribunal (NCLT) at Ahmedabad has admitted another subsidiary of the Blu-Smart electric mobility group into insolvency, holding that Blu-Smart Fleet Pvt Ltd had defaulted on an operational debt of Rs 16.25 crore owed to Reliance BP Mobility Limited. Blu-Smart Fleet provides fleet-management services exclusively to its parent company, Blu-Smart Mobility Ltd,…

French insect protein firm Ynsect goes under

French Ecology Minister Barbara Pompili visits the construction site of the ‘YNSECT’ factory, in January 2022. Photo: ANP (EPA/Christophe Petit-Tesson) French mealworm protein pioneer Ynsect has declared bankruptcy after years of financial struggle. The company, once hailed for its sustainability promise, fell short of funding needs. Ynsect now calls for the acquisition of assets to…

South Lakes Citizens Advice: How to avoid festive debt

With this in mind, South Lakes Citizens Advice (your local independent advice charity) is offering essential advice to avoid the New Year blues tipping into the red. Based in the Westmorland Gazette building in Wainwright’s Yard, in Kendal town centre, South Lakes Citizens Advice offers practical advice and support to thousands of South Lakes residents…