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SINGAPORE – Fitness tracking pioneer Fitbit is set to vanish as a standalone entity in Singapore after its local unit was placed under voluntary liquidation, marking the end of its corporate presence here more than a decade after entering the market. A notice published in the Government Gazette on March 13 confirmed that liquidators have…
Following a prolonged insolvency process that failed to yield a viable rescue plan, the Mumbai Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Yatin Steels India Private Limited. The court-appointed liquidator has now moved to auction the company’s “Not Readily Realisable Assets” (NRRA), including a massive legal claim valued at…
I discovered my husband had $150,000 in gambling debt after we got married and had a baby MSN Read the original article here
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) of the company. Mumbai-based Supha Pharmachem’s operational creditor, Boston Ivy Healthcare Solution, had approached the National Company Law Tribunal (NCLT) after…
BKM Industries Limited Submits Delayed Q2 FY23 Financial Results Following Corporate Insolvency Resolution Process scanx.trade Read the original article here
In a significant blow to the regional food production sector, the Bursa 1st Civil Court of Intellectual and Industrial Rights has officially ordered the bankruptcy of the Turkish wafer giant Master Choco Gıda. Despite an eight-year run that saw the company become a major player in wafer and chocolate production, a final attempt to restructure…
Vedanta Flags Concerns Over JAL Insolvency Process; Records Show Adani Bid Backed by CoC, Tribunals Oneindia Read the original article here
The Australian Taxation Office has signalled it will take a practical and proportionate approach to enforcement during the fuel crisis, after calls by small business groups for COVID-style tax relief. Council of Small Business Organisations chief Skye Cappuccio urged the ATO to respond to the current crisis, warning that surging fuel prices, added to rising…
The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, or 3.26 per cent, to settle at 74,207.24.Twitter The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BSE, ruling that insolvency courts have the authority to order the defreezing of Demat accounts…