BPL Says Creditor’s NCLT Insolvency Plea Unlikely to Hit Operations – TipRanks
BPL Says Creditor’s NCLT Insolvency Plea Unlikely to Hit Operations TipRanks Read the original article here
*NSYNC Star Says He Nearly Went Bankrupt, Begged Friends for Help
Joey Fatone couldn’t resist tearing’ up his bank account—and it nearly cost him everything. The former *NSYNC singer opened up about his history of financial issues in the new ID docuseries Boy Band Confidential, out now. He also gave a little more insight into some of his troubles while speaking with Fox News Digital, explaining…
Appeal Filed By Suspended Director In Name Of Corporate Debtor After Admission Of CIRP Contrary To IBC’s Mandate: Supreme Court
The Supreme Court has held that an appeal cannot be filed in the name of the corporate debtor by a suspended director claiming to be its authorised representative, once the corporate insolvency resolution process has been admitted and the interim resolution professional is named. The appeal before the Apex Court was filed by a suspended…
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Acclaimed family-run restaurant undergoes major restructure
An award-winning family-run Scottish restaurant has undergone a restructuring, The move comes amid “rising costs in energy and rates” and has saved jobs in the historic Fife city. The directors of the Canmore House Bar and Restaurant in Dunfermline have retained business as usual but the firm went through a liquidation process. The operator’s name…
Videocon Default Escalates—NCLT Admits Dhoot’s Insolvency Petition, Imposes Asset Freeze
In one of the most significant developments in India’s banking and insolvency landscape, State Bank of India (SBI)-led consortium lenders have secured a major legal milestone as personal insolvency proceedings have been formally initiated against Venugopal Nandlal Dhoot in connection with an estimated ₹61,000 crore exposure linked to the erstwhile Videocon Group. The move marks…
NCLT orders insolvency proceedings against Dhoot
NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,158 crore, as a personal guarantor of two group companies.Admitting a plea from State Bank of India (SBI), NCLT said Venugopal Dhoot has “committed defaults in repayment…
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Studio KAI Announces Insolvency Due to Deficit – News
Company ends fiscal year with 565 million yen net loss Image via Studio Kai’s X/Twitter account © 2019 Studio KAI inc. The April 13 issue of the Japanese government’s Kanpо̄ gazette revealed on Monday that Studio KAI animation studio is entering a state of insolvency, in which the company is unable to pay debts, after ending…