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NCLT approves withdrawal of insolvency proceedings against ATS Group’s Nobility Estates

The National Company Law Tribunal (NCLT) has allowed the withdrawal of the corporate insolvency resolution process (CIRP) against Nobility Estates, the company developing ATS Group’s Le Grandiose housing project in Sector 150, Noida, after a settlement was reached between lenders and the earlier management of the company. Advertisement The principal bench of the tribunal…

‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

[SINGAPORE] An ill-timed property bet, a generational pandemic and a wave of customer closures – just any one of these would have been a severe setback for a business. But for third-generation food distributor FoodXervices, all three hit at once; eventually, something had to give. That moment came in April, when the company abruptly shut…

Farringford Legal launches insolvency practice

Surrey law firm Farringford Legal has launched a restructuring and insolvency practice with the appointment of Tania Clench as department head. Tania brings more than 20 years’ experience across corporate and personal insolvency and is recognised by The Legal 500 as a leading practitioner in the field. She is particularly known for advising and defending…

Farringford Legal launches insolvency practice

Surrey law firm Farringford Legal has launched a restructuring and insolvency practice with the appointment of Tania Clench as department head. Tania brings more than 20 years’ experience across corporate and personal insolvency and is recognised by The Legal 500 as a leading practitioner in the field. She is particularly known for advising and defending…