Russian company Monocrystal, which was one of the world’s leading producers of synthetic sapphires used in the production of missiles and drones among other applications, is declaring bankruptcy. Source: The Moscow Times Details: The manufacturer, which is part of the Energomera concern, notified creditors of its intention to file for bankruptcy with the Arbitration Court…
Beating Casatese Merate in their Serie D play-offs final on Sunday won’t guarantee Chievo a Serie C place for next season – in a complicated system, the league decides which of the play-off winners will fill any Serie C vacancies. But given the economic situation of several third-tier clubs, often on the verge of declaring…
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The National Company Law Tribunal (NCLT) New Delhi has held that assignment of Not Readily Realisable Assets (NRRAs) including pending avoidance transaction proceedings, would not obstruct dissolution of a Corporate Debtor where no further realisable assets remained available for distribution under the Insolvency and Bankruptcy Code, 2016 (IBC). The Corporate Debtor had entered liquidation pursuant…
Travel company shuts down and cancels all trips, no refunds thestreet.com Read the original article here
4 kitchen companies collapse into administration or liquidation – one shuts immediately MSN Read the original article here
The National Company Law Tribunal (NCLT) Chandigarh Bench has ordered liquidation of the corporate debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, after the Committee of Creditors (CoC) rejected the only resolution plan received during the Corporate Insolvency Resolution Process (CIRP). READ MORE:Foreign ServicePayments Not Liable for TDS as No Technical Knowledge…
The companies had employed dozens of people according to recent documents All of the four businesses were based at this unit on Action Road in Long Eaton(Image: Google) Four firms have ceased trading and been placed into liquidation in Long Eaton – but a vital deal has saved jobs at the bust companies. The linked…
Four East Midlands firms cease trading and enter liquidation – but key deal saves jobs Derbyshire Live Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi has held that a Corporate Debtor cannot avoid insolvency proceedings after expressly quantifying and conditionally agreeing to pay operational dues through a self-prepared consequence sheet treating such conduct as acknowledgment of debt under the Insolvency and Bankruptcy Code, 2016 (IBC). The dispute arose from multiple purchase…