Lürssen moves to acquire Nobiskrug, FSG confirms sale to Heinrich Rönner Group – Boat International
Lürssen moves to acquire Nobiskrug, FSG confirms sale to Heinrich Rönner Group Boat International Read the original article here
Makers of iconically ‘addictive’ Fraktals declare bankruptcy
Markham-based Krieger & Company Inc. has been appointed as trustee of the estate for the Aurora chocolatier renowned for its distinctive buttercrunch treat One Chocolate Corporation, the owners of iconic Aurora chocolatier Fraktals, has declared bankruptcy. A notice posted on the door of its retail location on Industrial Parkway South said that One Chocolate Corporation made…
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Improving insolvency law key for 7-8% growth; need more measures for better efficiencies: Economic Survey, ET LegalWorld
An improving insolvency framework is important for achieving 7-8 per cent economic growth over the next decade, the Economic Survey said on Friday and pitched for imposition of higher costs to prevent entities from filing frivolous applications during the resolution process. The suggestion also comes against the backdrop of long delays in the insolvency resolution…
Economic Survey 2025: IBC nudging companies to resolve their distress early
The Economic Survey 2024-25 lavished praise on the Insolvency and Bankruptcy Code (IBC) for transforming the behaviour of distressed companies, highlighting that the law has acted as a deterrent, encouraging many firms to resolve their financial distress early in order to avoid the consequences of a resolution process. The survey notes, “Thousands of debtors are…
What now for Byju's? Insolvency process faces fresh hurdles after NCLT order – MSN
What now for Byju’s? Insolvency process faces fresh hurdles after NCLT order MSN Read the original article here
Israeli cybersecurity firm files for insolvency over debt – Tech in Asia
Israeli cybersecurity firm files for insolvency over debt Tech in Asia Read the original article here
What now for Byju's? Insolvency process faces fresh hurdles after NCLT order – MSN
What now for Byju’s? Insolvency process faces fresh hurdles after NCLT order MSN Read the original article here
Indian firms haven’t learnt to use insolvency law: IBBI
IBBI chief Ravi Mital on Thursday said companies in India have not learnt how to use the insolvency law and pitched for efforts to ensure that more companies opt for the voluntary resolution process to increase productivity. The Insolvency and Bankruptcy Code (IBC), which provides for a market-linked and time-bound resolution of stressed assets, came…
What now for Byju’s? Insolvency process faces fresh hurdles after NCLT order
Edtech major Byju’s finds itself in yet another legal tangle. After its insolvency proceedings were reinstated in October last year, a new twist emerged when Resolution Professional (RP) Pankaj Srivastava removed two key creditors—Aditya Birla Finance and U.S.-based Glas Trust Company LLC—from the Committee of Creditors (CoC). The decision was swiftly challenged in the Supreme…