NCLAT stays Kallam Textiles insolvency process pending restructuring review – scanx.trade
NCLAT stays Kallam Textiles insolvency process pending restructuring review scanx.trade Read the original article here
Kallam Textiles gets NCLAT interim stay on CIRP for 4 weeks
Kallam Textiles received a four-week interim stay on insolvency proceedings from NCLAT, Chennai. The company must now present a new restructuring proposal to its lenders. Kallam Textiles Ltd has obtained an interim stay on Corporate Insolvency Resolution Process (CIRP) proceedings for four weeks from the National Company Law Appellate Tribunal (NCLAT), Chennai Bench. The order…
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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…
REVEALED: Latest business liquidations in Melton – Herald Sun
REVEALED: Latest business liquidations in Melton Herald Sun Read the original article here
Strategy’s $48 Billion Turnaround: How Bitcoin Transformed A Near-Bankrupt Company
TLDR: Strategy holds 847,000 BTC worth ~$54B, exceeding debt by approximately $48 billion today. The firm raised over $60B post-2022 crisis and added more than 716,000 BTC to reserves. Bitcoin trades at $63,703, a level analysts call a critical decision point for the market. Critics flag leverage risks in STRC preferred stock while supporters cite…
REVEALED: Latest business liquidations in Scenic Rim – The Courier Mail
REVEALED: Latest business liquidations in Scenic Rim The Courier Mail Read the original article here
Vas Infrastructure CIRP Update: 25th Creditors Meeting Set for June 22, 2026
Vas Infrastructure Ltd announced its 25th Committee of Creditors meeting on June 22, 2026. The company remains under Corporate Insolvency Resolution Process (CIRP), indicating ongoing financial restructuring and potential risks for shareholders. Vas Infrastructure Limited has scheduled its 25th Committee of Creditors (CoC) meeting for June 22, 2026, as the company continues under the Corporate…
Advance of ₹1.95 crore unpaid for Castor oil: NCLT admits Section 9 IBC plea against Evoq Remedies for failure to deliver goods or refund [Read Order]
In a recent order, the National Company Law Tribunal (NCLT), Ahmedabad Bench, admitted an insolvency petition filed by an operational creditor, a Panipat‑based proprietorship, against Evoq Remedies Limited after finding that the company failed to supply goods or refund an advance of ₹1.95 crore paid for castor oil. After the operational creditor Harbhole Agrotech issued a demand notice…
Ireland’s tools to save firms aren’t being used
Many viable Irish firms are going to the wall without trying the rescue processes available. BDO’s Ian Barrett looks at the under-utilised roles of Scarp and examinership Dozens of companies are potentially going to the wall without trying business-saving rescue processes. Last year, only 43 attempts of corporate rescue processes were made out of 812…
Meghan Markle Could Go 'Bankrupt by Year's End' as $5 Million Loss Looms: Report – Morning Honey
Meghan Markle Could Go ‘Bankrupt by Year’s End’ as $5 Million Loss Looms: Report Morning Honey Read the original article here