Lab Grown Firm Fighting Off Insolvency – IDEX Online
Lab Grown Firm Fighting Off Insolvency IDEX Online Read the original article here
Reliance Capital insolvency: Lenders seeks forfeiture of IIHL’s ₹2,750 crore in case of default, demands interest payment
The Committee of Creditors (CoC) of Reliance Capital (RCAP) has approached the National Company Law Appellate Tribunal (NCLAT) seeking the forfeiture of ₹2,750 crore from IndusInd International Holdings Ltd (IIHL) in the event of a default on its part. The CoC has also requested that the tribunal direct IIHL to pay interest at a rate…
Bid to wind up Wodonga asphalt company over insolvency concerns dropped – The Border Mail
Bid to wind up Wodonga asphalt company over insolvency concerns dropped The Border Mail Read the original article here
IBBI’s self-regulatory guidelines for CoC may not be effective: Experts | Finance News
5 min read Last Updated : Aug 23 2024 | 5:55 PM IST The recently announced guidelines by the Insolvency and Bankruptcy Board of India (IBBI) for the committee of creditors (CoC) are a step in the right direction, but Insolvency and Bankruptcy Code (IBC) experts feel that they will not be effective unless…
Company insolvencies rise 17% on year in England and Wales – Reuters UK
Company insolvencies rise 17% on year in England and Wales Reuters UK Read the original article here
SC refuses to stay CoC operations in Byju’s insolvency case | Latest News India
The Supreme Court on Thursday declined to stay the operations of a recently formed Committee of Creditors (CoC) overseeing the corporate insolvency resolution process (CIRP) initiated against the embattled ed-tech giant Byju’s, stating that the court would examine the merits of the case before issuing any further orders. A bench, led by Chief Justice of…
London taxi driver hit with 11-year sanctions after falsely claiming two covid loans | Insolvency Service
Ilford taxi and delivery driver claimed £100,000 of Bounce Back Loans and failed to spend the money on his businesses Hafiz Saeed Ahmad, of Ilford, overstated the turnover for two businesses to falsely claim a total of £100,000 from the covid loan scheme Ahmad claimed the maximum loan of £50,000 each for his taxi and…
Lusix employees get a reprieve as Landa and Frenkel infuse fresh capital
Benny Landa, along with other shareholders, Aaron Frenkel and Dudi Weisman, have agreed to inject capital into Lusix, the laboratory diamond company, to cover August salaries for all employees and provide severance pay for those who were laid off, including the cost of the 30-day advance notice. Lusix, which is burdened with a debt of…
Chapter 11 status for Dutch wholesaler and cycling gear brand AGU – Bike Europe
Chapter 11 status for Dutch wholesaler and cycling gear brand AGU Bike Europe Read the original article here
London taxi driver hit with 11-year sanctions after falsely claiming two covid loans | Insolvency Service
Ilford taxi and delivery driver claimed £100,000 of Bounce Back Loans and failed to spend the money on his businesses Hafiz Saeed Ahmad, of Ilford, overstated the turnover for two businesses to falsely claim a total of £100,000 from the covid loan scheme Ahmad claimed the maximum loan of £50,000 each for his taxi and…