Alchemist insolvency proceedings were a ‘self-controlled loop’. How ED’s findings guided NCLT action

New Delhi: The National Company Law Tribunal (NCLT), on 3 February, terminated Alchemist Limited’s insolvency proceedings, observing that the committee of creditors (CoC) remained dominated by the same group of entities that were the alleged conduits and beneficiaries of the proceeds of crime of the firm, which operates pharma, agri, and hospitality businesses. Former Rajya…

UK free-admission theme park collapses into liquidation

The theme park has not shared a public statement on the move UK free-admission theme park collapses into liquidation(Image: Visit Great Yarmouth) Bream Theme Park has collapsed into liquidation throwing the future of the family attraction into doubt. A notice on the Somerset-based park revealed they had appointed liquidators last week. The company must now…

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No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…