In today’s Finshots, we oversimplify the new amendments to the Insolvency and Bankruptcy Code (IBC). But just a heads up before we dive in. This is one of those stories that’s going to be a long read. Also, this weekend, we’re hosting a free 2-day Insurance Masterclass that helps you build real financial security by understanding health…
Merchant City Distributors Limited, based in Kelvin Industrial Estate, ceased trading and made all 18 of its employees redundant. The closure follows 25 years in business and has been blamed on “detrimental supply chain issues” that left the company with no viable future. James Stephen and Ben Peterson of BDO have been appointed as joint…
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Creditors to meet after major SA winery fails to find a buyer Stock Journal Read the original article here
A compact process proposed to speed up insolvency resolution can be initiated only by financial creditors having a combined share of at least 51% in debt, according to the draft regulations floated by the bankruptcy regulator. The defaulting firm in such cases must respond within 30 days to lenders’ notice seeking proceedings under the Creditor-initiated…
New Delhi: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,157.57 crore, as a personal guarantor of two group companies. Admitting a plea from State Bank of India (SBI), NCLT said Venugopal Dhoot has “committed defaults in…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
The promoter group of MBL Infrastructure Ltd., led by Anjanee Kumar Lakhotia, has acquired an additional 19,00,000 equity shares, equivalent to 1.23% of the company’s total paid-up capital. This transaction, finalized on April 14, 2026, was executed via a preferential allotment at Rs 10 per share. This move is a direct implementation of the company’s…
REVEALED: Latest business liquidations in Whitehorse Herald Sun Read the original article here
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