Troubled office furniture company files for Chapter 11 bankruptcy – thestreet.com
Troubled office furniture company files for Chapter 11 bankruptcy thestreet.com Read the original article here
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For fair IBC recovery, rethink how it handles instances of insider lending in corporate insolvency cases – Mint
For fair IBC recovery, rethink how it handles instances of insider lending in corporate insolvency cases Mint Read the original article here
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NCLAT dismisses BSE pleas challenging NCLT’s power to defreeze demat accounts in insolvency cases
The National Company Law Appellate Tribunal (NCLAT) has dismissed BSE’s appeals against NCLT’s order to defreeze the demat accounts of businesses undergoing insolvency resolution and liquidation process.The case pertained to two companies – Future Corporate Resources and Liz Traders and Agents. BSE froze their demat accounts as these companies, which are undergoing an insolvency process,…
BKM Industries Limited Reports Q1FY24 Financial Results with Delayed Submission Due to CIRP – scanx.trade
BKM Industries Limited Reports Q1FY24 Financial Results with Delayed Submission Due to CIRP scanx.trade Read the original article here
Big Relief in Demat Freeze Row: NCLAT Says Regulatory Curbs Cannot Stall Insolvency Process
In a significant ruling that resolves a long-standing conflict between insolvency law and market regulation, the National Company Law Appellate Tribunal (NCLAT) has made it clear that regulatory restrictions cannot obstruct insolvency proceedings. The tribunal dismissed appeals filed by the Bombay Stock Exchange (BSE), upholding the authority of the National Company Law Tribunal (NCLT) to…
Macquarie Asset Management faces potential debt write-down for Bingo Industries amid financial struggles
Macquarie Asset Management has a seat at the table among the world’s biggest investors. And that accolade derives from its infrastructure dealmakers’ phenomenal success in Australia, before the Silver Doughnut replicated the model around the globe, wrapping its tentacles around hundreds of billions in assets. But MAM’s suits have got a messy problem on their…
BKM Industries Limited Submits Delayed Financial Results for FY23 Following CIRP Completion – scanx.trade
BKM Industries Limited Submits Delayed Financial Results for FY23 Following CIRP Completion scanx.trade Read the original article here