WISI concludes insolvency proceedings – Broadband TV News
WISI concludes insolvency proceedings Broadband TV News Read the original article here
WISI’s insolvency proceedings terminated | Advanced Television
WISI Communications, the German communications tech provider, has announced that, on November 27th, the Pforzheim District Court decided to terminate the insolvency proceedings against the assets of the company. The decision came into effect at midnight on November 30th, following the legally binding confirmation of the insolvency plan. WISI said it initiated the insolvency proceedings…
Byju’s insolvency: Riju Raveendran approaches NCLT to seek inclusion in case
New Delhi: Riju Raveendran, the largest shareholder of edtech company Byju’s and brother of founder Byju Raveendran, approached the insolvency tribunal on Monday, seeking to be included in the insolvency case deliberations involving the troubled firm, its lenders and the cricket board. Riju Raveendran’s counsel urged the tribunal to allow him to present his defence…
Byju’s insolvency case: Glas Trust seeks rejection of withdrawal application in Bjyu’s insolvency case
Glas Trust, which represents a group of US entities that lent $1.2 billion to beleaguered edtech firm Byju’s, on Monday questioned the maintainability of the withdrawal application for the insolvency petition filed by the Board of Control for Cricket in India (BCCI’s) against the company. Glas Trust argued in the National Company Law Tribunal (NCLT)…
Insolvency appointments November 16 to 29 2024 – Business News
Insolvency appointments November 16 to 29 2024 Business News Read the original article here
Bankrupt Canadian Bus Co. Seeks US Recognition For Sale
By Rick Archer · November 26, 2024, 5:22 PM EST A Canadian charter bus company that provides buses for Los Angeles airports is asking a California bankruptcy judge to grant U.S. recognition to its efforts to sell the company in a… To view the full article, register now. Read the original article here
SpiceJet Insolvency Claims: Are Creditors Leveraging the IBC Forum for Settlements?
On 19 November, judicial member Mahendra Khandelwal of the Delhi bench of the NCLT (National Company Law Tribunal) pulled up Engine Lease Finance B.V., the engine lessor of budget airline SpiceJet, for keeping a settlement pending in the IBC forum to leverage settlements with the airline. “Both the Ld. Counsels submitted that the parties are…
KTM And MV Agusta owner Pierer Is On The Brink Of Bankruptcy
TOPSHOT – Australian biker Toby Price powers his KTM during the 2018 Dakar Rally Stage 5 between San … [+] Juan De Marcona and Arequipa in Peru, on January 10, 2018. / AFP PHOTO / Franck FIFE (Photo credit should read FRANCK FIFE/AFP via Getty Images) AFP via Getty Images In the early 1990s, Austria-based…
Business insolvencies ‘much higher’ than in GFC
By Susan Edmunds of RNZ Business insolvencies are running at more than double the rate of last year, and one economist says the failure rate exceeds that of the global financial crisis. There were 72 liquidations in October administered by the Insolvency and Trustee Service, just down from 74 in September. Of those, 37 were…
Business insolvencies ‘much higher’ than in the global financial crisis
Photo: nito500/123RF Business insolvencies are running at more than double the rate of last year, and one economist says the failure rate exceeds that of the global financial crisis. There were 72 liquidations in October administered by the Insolvency and Trustee Service, just down from 74 in September. Of those, 37 were in Auckland. In…