New Delhi : Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited. The power firm was selected as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of Vidarbha Industries Power Ltd. The Committee of Creditors approved Adani Power’s resolution plan,…
New Delhi, Feb 24 (PTI) Insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court. Last week, the Chennai bench of the National Company Law Appellate Tribunal…
WA builders, restaurants among the hardest hit as insolvencies surge MSN Read the original article here
The German startup Lilium has faced several difficult turns lately, and was already heading towards insolvency when an investor stepped in on Christmas Eve last year to save the company. At the time, Lilium stated that the investor consortium Mobile Uplift Corporation signed a purchase agreement for the assets of the Lilium subsidiaries, and all…
FTI Consulting Bolsters Cross-Border Restructuring and Insolvency Offering with Hire of Jo Hewitt GlobeNewswire Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted the corporate insolvency resolution process (CIRP) plea filed by the Reserve Bank of India (RBI) against Aviom India Housing Finance Private Limited. The decision, delivered on February 20, 2025, marks a significant move under Section 227 of the Insolvency and Bankruptcy Code (IBC), 2016,…
Does the KTM brand sound familiar to you? This is more than just a motorcycle brand, it is a symbol of adventure and speed. But even giants go through bitter times and the Austrian company that has been a world leader in the automotive sector is now facing an incalculable challenge: 300,000 motorcycles piled up…
The company behind the Lilium Jet has filed for insolvency after its funding options dried up and promises of new financing failed to materialize. Lilium Aerospace, which evolved after Lilium GmbH and Lilium eAircraft GmbH filed for insolvency at the end of last year, confirmed on February 21, 2025, that operations had stopped. …
Her bankruptcy came after a bitter fight with her former lawyer, Robert Balzoa, against whom Ms Hoskin lodged a complaint to the NSW Law Society in 2017, alleging he had misappropriated money he held in trust to prop up his own firm. Mr Balzoa denied the allegations and he was allowed to keep practising after…
Scutter said none of the establishments has any listed assets or liabilities because of a lack of documentation. The liquidator didn’t state the amounts being claimed by creditors and said no recent financial statements were filed for either business. Gas Hospitality, trading as Birdcage, had financial statements recorded until March 31, 2021. AdvertisementAdvertise with NZME.…