Highlights The Committee of Creditors rejected the e-voting for the appointment and fees of PVRN & Co. and Nangia & Co. LLP for conducting the Corporate Insolvency Resolution Process Cost Audit of Jaiprakash Associates Limited, with votes receiving 49.07% and 46.63% respectively. The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision…
Austrian real estate, media and retail investor and founder of Signa Holding Rene Benko is seen prior to the Formula One Austrian Grand Prix at the Red Bull race track in Spielberg, Austria on July 2, 2023. Georg Hochmuth | Afp | Getty Images Rene Benko, the fallen property tycoon whose Signa empire toppled in…
Europe’s third largest Tour Operator “FTI Touristik” has declared bankruptcy upsetting the plans of thousands of travelers, with scheduled trips expected to be either canceled or partly suspended as early as tomorrow, Tuesday, June 4. According to sources, the German-based company has reportedly settled any outstanding debts to nearly all its client hotels in Crete,…
Electric vehicle start-up Fisker files for bankruptcy The Washington Post Read the original article here
The National Bank has classified Commercial Investment Bank JSC as insolvent due to risky activities that threatened the interests of depositors and creditors. Writes UNN with reference to the NBU. The National Bank has classified Cominvestbank as an insolvent bank. Since it held only 0.04% of the market, this will not affect the stability of…
New York CNN — True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated…
Motions brought by boom-time developer Seán Dunne in an effort to dislodge officials overseeing his bankruptcy have been dismissed by the High Court. Mr Justice Liam Kennedy said Mr Dunne (aged 70) failed to bring new proceedings and instead took a procedurally incorrect route in seeking to challenge the validity of two officials’ appointments within…
Blokker workers angered to find out bankrupt chain will close 100 shops earlier than planned | NL Times Skip to main content Read the original article here
Directorate of Enforcement (ED), Delhi Zonal Office, conducted search operations on 04 December 2024 at 18 locations in Delhi, NCR and Mumbai belonging to Shilpi Cable Technologies Limited (SCTL), the then promoters/ directors Manish Goel, Vishal Goel and other companies related to them. ED initiated investigations on the basis of FIR registered by CBI, New…
Eegee’s declared Chapter 11 bankruptcy on Friday. | Photo: Shutterstock. Eegee’s, a 53-year-old chain out of Tucson, Arizona, declared Chapter 11 bankruptcy on Friday after closing a handful of stores in the region. The fast-food sandwich concept listed both assets and liabilities of between $10 million and $50 million and says that it has between…