“This is how cities go bankrupt” | Gonzales council debates ‘above range’ employee raises Unfiltered with Kiran Read the original article here
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India is planning to establish a dedicated bench within the National Company Law Tribunal (NCLT) to handle cross-border insolvency cases, as part of efforts to improve resolution timelines and align the country�s insolvency framework with global standards. The proposed development, outlined in the past week, will come into effect once new rules under the…
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Hi-Tech Gears CIRP Hearing Postponed to July 2026, Interim Stay Continues scanx.trade Read the original article here
The Reliance Communications Limited on Wednesday said officials of the Central Bureau of Investigation conducted a seizure operation at its office premises in Navi Mumbai, and took away certain original records and documents related to borrowings raised from the Life Insurance Corporation of India. “During the seizure operation, the CBI officials seized inter alia certain…
UK gin and rum company collapses into administration – 4.9 rating on Google (Image: Gorilla Spirits) A UK spirits business behind a gin and rum brand has entered liquidation after appointing insolvency practitioners earlier this month, according to official filings. Gorilla Spirits Company Limited, which trades from Manor Farm Yard in Upton Grey, Hampshire, was…
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JAL, which has high-quality assets and business interests spanning real estate, cement manufacturing, hospitality, power and engineering & construction, was admitted to the corporate insolvency resolution process (CIRP) in June 2024, after it defaulted on payments of loans aggregating Rs 57,185 crore. Read the original article here
Mumbai: The principal bench of the National Company Law Tribunal (NCLAT) on Wednesday reserved its order in the Jaiprakash Associates Ltd (JAL) insolvency case where mining firm Vedanta Ltd has challenged the resolution plan submitted by the Gautam Adani-led Adani Enterprises. On 6 April, a Supreme Court bench, led by Chief Justice Surya Kant and…