Surging jet fuel prices could mean some airlines going out of business, according to the chief financial officer of Ryanair, Europe’s biggest airline. Loading audio narration… “I think we will see some of the weaker carriers who were already struggling before… Read the original article here
Mumbai, May 18: Kinetic Trust Ltd said the National Company Law Tribunal (NCLT), Prayagraj Bench, has approved the company’s resolution plan in respect of Sibri Traders Private Limited under the Corporate Insolvency Resolution Process (CIRP), according to an exchange filing. The company stated that the NCLT passed the order on May 6, approving the resolution plan submitted by Kinetic Trust Ltd to…
NCLT Approves Kinetic Trust Limited’s Resolution Plan for Acquisition of Sibri Traders Private Limited scanx.trade Read the original article here
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NCLAT Rejects Venugopal Dhoot’s Claim over Videocon’s Foreign Oil Assets, Rules in Favour of SBI, Creditors Moneylife Read the original article here
Adani Group-backed Ambuja Cements submitted an offer of INR5.8bn (US$60,26m), to acquire bankrupt Jaypee Cement. The only competing bidder, My Home Group, exited the corporate insolvency resolution process after offering a lower bid of INR3bn. Lenders are currently negotiating with the Adani Group to increase their valuation because the current offer sits below the company…
Cleaning company boss banned after shifting £200,000 from insolvent firm TheBusinessDesk.com Read the original article here
Prime Focus Plunges on ₹353 Cr Deposit Demand After Insolvency Stay Whalesbook Read the original article here
Prime Focus received temporary relief from NCLAT after the tribunal paused insolvency proceedings and directed the company to deposit Rs 353.79 crore before the next hearing in July 2026 AI Powered Summary ▼ Indian equity benchmark indices traded lower on Monday, with the benchmark Nifty 50 index declining 0.47 per cent to 23,532.70 during the…
Bitcoin Depot Goes Bankrupt, Signaling Demise of Crypto ATMs Bloomberg.com Read the original article here