Bankruptcies in the retail sector dropped by a quarter in last three months of 2024 – NL Times
Bankruptcies in the retail sector dropped by a quarter in last three months of 2024 NL Times Read the original article here
Construction Insolvencies Fall in December 2024
THE NUMBER of registered construction insolvencies in England and Wales was 291 in December 2024. The December figure is 8% lower than in November 2024 when 316 construction companies went bust. Overall, construction firms accounted for 16.3% of all insolvencies in England and Wales in December 2024, according to the Insolvency Service. By rough comparison, construction…
NCLT admits RBI’s plea for insolvency resolution of AVIOM India Housing Finance
Three weeks after the Reserve Bank of India (RBI) submitted a plea to initiate corporate insolvency resolution proceedings (CIRP) against Delhi NCR-based non-banking financial company (NBFC) AVIOM India Housing Finance, the National Company Law Tribunal (NCLT) has granted approval for the petition. Earlier, the Reserve Bank had taken action by superseding AVIOM’s board due to…
Delivery driver who spent Covid funds on drugs and gambling also withdrew cash for home renovations just before he went bankrupt
Amraiz Mahmood secured more than £20,000 in Covid support funds by falsely declaring he had a turnover of £81,000 as a self-employed delivery driver and courier Mahmood spent the money on drugs and gambling and also used a separate non-Covid related loan for almost £40,000 worth of renovations to his home just before he…
Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
Last week, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) completed the hearing and reserved its order over the appeal filed by the director of its suspended board, CDEL informed through a regulatory filing. Last Updated : 24 February 2025, 09:26 IST Read the original article here
Driver Misused Covid Funds, Gambled, Renovated, Bankrupt
Amraiz Mahmood secured more than £20,000 in Covid support funds by falsely declaring he had a turnover of £81,000 as a self-employed delivery driver and courier Mahmood spent the money on drugs and gambling and also used a separate non-Covid related loan for almost £40,000 worth of renovations to his home just before he filed…
Gautam Adani gets key letter to acquire Anil Ambani’s company, its business is…
Adani Power was selected as the successful resolution applicant under the CIRP of Vidarbha Industries Power. Adani Power news: Indian billionaire Gautam Adani has been expanding his business empire. In this regard, his Adani Power Limited (APL), a Rs 1.82 lakh crore market cap company, has received a Letter of Intent (LOI) to acquire Vidarbha…
A New Navigator Amid Creditors’ Clash
The Bengaluru insolvency court selected Shailendra Ajmera to act as a resolution professional for Byju’s bankruptcy proceedings after changing the leadership of the case. Byju implemented this action directly after the National Company Law Tribunal (NCLT) expressed doubt about the resolution performance of Pankaj Shrivastava as a former resolution professional. The company finds itself at…
IBC Weely Round-Up [17th February-23rd February] – Live Law – Indian Legal News
IBC Weely Round-Up [17th February-23rd February] Live Law – Indian Legal News Read the original article here
Byju’s insolvency: NCLT approves new resolution professional – MSN
Byju’s insolvency: NCLT approves new resolution professional MSN Read the original article here