NCLT Questions EY’s 1% Success Fee Claim, Rejects Insolvency Plea Against Mobase – BW Businessworld
NCLT Questions EY’s 1% Success Fee Claim, Rejects Insolvency Plea Against Mobase BW Businessworld Read the original article here
High Court to Hear Petition Challenging KUSCCO Liquidation
The Milimani High Court has certified as urgent a case challenging the liquidation of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) amid concerns over members’ funds. According to court documents obtained by Kenyans.co.ke, the application was filed under a certificate of urgency and will be heard during the court recess following directions issued…
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Iconic UK stadium collapses into liquidation
The greyhound stadium in Sandy Lane was left in crisis after its main broadcast partner pulled out. In early April 2026, Sports Information Services stopped broadcasting greyhound races from Oxford, citing “extreme losses” and a “streamlining and rationalisation” of fixtures. Joint liquidators Matthew Hoy and Shane Biddlecombe, of Southampton-based TruSolv, have now been instructed by…
Thai SMEs face falling sales, bad debt and tight credit, await state aid
Factory and business closure figures show the wider strain. Data from the National Economic and Social Development Council (NESDC) and Department of Industrial Works recorded 156 factory closures in the first quarter of 2026, an increase of 11.4%, against 139 new openings, down 63.9%. Closures exceeded openings for the first time in 10 quarters. Across…
NCLAT sets aside Zaveri Group’s bid for Gujarat Hydrocarbons and Power SEZ
New Delhi: The insolvency appellate tribunal NCLAT has set aside Zaveri Group‘s resolution plan for Gujarat Hydrocarbons and Power SEZ Ltd (GHPSL) and directed the Resolution Professional and NCLT to start the process again by inviting fresh bids. A two-member NCLAT bench observed that the bid submitted by Zaveri & Co was based on an…
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NCLAT Overturns Zaveri Group’s Bid for Gujarat Hydrocarbons SEZ, Calls for Fresh Bids, ETEnergyworld
The insolvency resolution process was started after it defaulted on a Rs 100 crore loan facility granted by SREI Infrastructure Finance Ltd (SIFL). The insolvency appellate tribunal NCLAT has set aside Zaveri Group‘s resolution plan for Gujarat Hydrocarbons and Power SEZ Ltd (GHPSL) and directed the Resolution Professional and NCLT to start the process again…
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