Greensill-Owned Bank Declared Insolvent, Causing Losses for Small German Towns – WSJ
Greensill-Owned Bank Declared Insolvent, Causing Losses for Small German Towns WSJ Read the original article here
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Former Fortis promoter Shivinder Singh files personal insolvency: Report
Shivinder Mohan Singh, former promoter of Fortis Healthcare and Religare Enterprises, has filed for personal insolvency before the National Company Law Tribunal (NCLT) in Delhi, reported Bar and Bench. The matter was briefly heard on April 21 and is scheduled to resume in May. Singh has invoked Section 94 of the Insolvency and Bankruptcy Code…
Bankruptcy court dismisses insolvency plea against Dentsu Communication India, ET BrandEquity
Dentsu logo (file image) The bankruptcy court in Mumbai has recently dismissed an insolvency petition filed against Dentsu Communication India, citing a lack of evidence of operational debt and raising concerns over allegedly ‘fraudulent transactions’ involving the company’s former employees and third-party vendors. The Mumbai bench of the National Company Law Tribunal (NCLT) passed this…
NCLAT upholds liquidation of Sintex Plastics, Legal News, ET LegalWorld
The insolvency appellate tribunal NCLAT has upheld an NCLT order directing liquidation of debt-ridden Sintex Plastics Technology. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also rejected the submission of an unsuccessful bidder that NCLT passed an order for liquidation even though its lone CoC member had abstained from voting. RBL Bank…
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Staring down the barrel: what Peruvian oil company’s crisis…
More Amazon oil? The saga’s possible ramifications are not limited to the national economy. Peru’s sprawling Amazon rainforest, home to 1.6 million Indigenous people and a vital buffer against climate change, is also in the firing line. PetroPerú’s main business is refining and transporting oil, much of it from the Peruvian Amazon to a terminal…
IBC Weekly Round-Up [14th April-20th April 2025] – Live Law
IBC Weekly Round-Up [14th April-20th April 2025] Live Law Read the original article here
NCLAT upholds liquidation of Sintex Plastics- The Week
New Delhi, Apr 21 (PTI) The insolvency appellate tribunal NCLAT has upheld an NCLT order directing liquidation of debt-ridden Sintex Plastics Technology. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also rejected the submission of an unsuccessful bidder that NCLT passed an order for liquidation even though its lone CoC member had…
'Dangerous precedent, dangerous delay': HNG Workers Union accuse CCI and AGI Greenpac of derailing SC-backed insolvency process, writes to FM – OpIndia
‘Dangerous precedent, dangerous delay’: HNG Workers Union accuse CCI and AGI Greenpac of derailing SC-backed insolvency process, writes to FM OpIndia Read the original article here