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As Byron Bay Bluesfest collapsed, Peter Noble ‘paid himself’, liquidator alleges The Australian Read the original article here
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AGS Transact delays FY26 results citing insolvency and technical issues scanx.trade Read the original article here
The country’s highest civil court has tightened successor liability for former GmbH managing directors in a way that reaches beyond their tenure. In a judgment issued July 23, 2024 (case number II ZR 206/22), the Bundesgerichtshof ruled that ex-managing directors can still be held personally liable for damages incurred by new creditors if the company’s…
Navigating business debt & insolvency echo.net.au Read the original article here
Reliance Infrastructure Limited has announced that the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a petition filed by Canara Bank Limited. The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against HK Toll Road Private Limited, a wholly owned subsidiary of Reliance Infrastructure. The admitted claim amount is INR 282.60 crore.…
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The National Company Law Tribunal (NCLT), Bengaluru Bench, has declared Naseer Ahmed, Member of the Karnataka Legislative Council from the Congress, as “bankrupt” under the Insolvency and Bankruptcy Code (IBC) for failing to repay ₹1,454 crore outstanding loan amount of his erstwhile company M/s Scotts Garments Limited, Bengaluru, now liquidated. The declaration of Mr. Naseer…
The statement said the order will be reviewed and challenged before appropriate legal forums | Photo Credit: greenleaf123 The National Company Law Tribunal (NCLT) has admitted two significant insolvency petitions filed by public sector lenders — State Bank of India and Canara Bank, marking a fresh escalation in legal and financial challenges involving entities linked…