Vimla Fuels NCLT Case: Full Breakdown for Investors

A) Introduction & Background 1. Where Did It All Begin? If you are a shareholder of Vimla Fuels and Metals Limited, there is only one question — when will you recover your investment? The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. This means the company defaulted…

Chile’s Exportadora Santa Cruz declared bankrupt | News

One of Chile’s leading fruit exporters, Exportadora Santa Cruz, has filed for bankruptcy with debts of around US$55bn. It follows a second failed reorganisation process embarked on by the company in less than a year, prompting creditors to request forced liquidation due to non-compliance with the reorganisation plan. The 1st Civil Court of Santiago declared…