Insolvency Filing Triggered by Debt The Mumbai bench of the National Company Law Tribunal (NCLT) has started insolvency proceedings against Supha Pharmachem, formerly known as Remedium Lifecare. This decision came after an operational creditor claimed Supha Pharmachem defaulted on Rs 7.47 crore for raw material payments. The tribunal acknowledged the debt, and an interim professional,…
Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution Process The Economic Times Read the original article here
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) of the company. Mumbai-based Supha Pharmachem’s operational creditor, Boston Ivy Healthcare Solution, had approached the National Company Law Tribunal (NCLT) after…
Arshiya Limited Conducts 43rd and 44th Annual General Meetings Under Corporate Insolvency Resolution Process scanx.trade Read the original article here
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REVEALED: Latest business liquidations in Vincent Daily Telegraph Sydney Read the original article here
REVEALED: Latest business liquidations in Ipswich The Courier Mail Read the original article here
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A court has declared online home retailer Fonq bankrupt, according to the company’s trustees on Friday. They are now exploring whether parts of the business, including Naduvi, can be relaunched. Around one hundred employees are at risk of losing their jobs. Fonq had already received creditor protection earlier this month after failing for some time…
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