The National Company Law Tribunal (NCLT) at Mumbai has recently refused to order Swedish Equipment Manufacturer Ericsson India Private Limited to return nearly Rs 325 crore that was paid to it during the insolvency proceedings of Reliance Telecom Ltd and Reliance Communications Ltd, two Anil Ambani led companies undergoing corporate insolvency resolution. The payments were…
Hideaki Anno’s side’s civil lawsuit for provisional seizure, bankruptcy settlement established Illustration of characters from Gainax’s representative works drawn by Shigeto Koyama The Japanese media production company Gainax has disappeared into history after completing its corporate liquidation. Gainax entered the liquidation process after filing for bankruptcy around June 2024. Gainax was one of the production…
The Supreme Court has reiterated that the proceedings under the IBC cannot be defeated by a corporate debtor by raising a moonshine defence only to delay the process. The Apex Court further affirmed that the adjudicating authority must advert to the contentions put forth on the application filed under Section 7 of the IBC and…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
REVEALED: Latest business liquidations in Bogan dailytelegraph.com.au Read the original article here
SIA Engineering Company Appoints Liquidators for Dormant Subsidiary Key Highlights SIA Engineering Company Limited (SIAEC) has initiated a member’s voluntary liquidation for its dormant, wholly-owned subsidiary, NexGen Network (2) Holding Pte. Ltd. (NGN2). Liquidators have been formally appointed to oversee the process. NGN2 is incorporated in Singapore and has been classified as dormant, meaning it…