The owner of the troubled Ekati Diamond Mine in the Northwest Territories has filed for insolvency protection as it continues to face economic and geopolitical headwinds. Australia-based Burgundy Diamond Mines Ltd. said the Supreme Court of British Columbia has granted its Canadian subsidiary, Arctic Canadian Diamond Co. Ltd., protection under the Company Creditors Arrangement Act,…
Mumbai: The National Company Law Tribunal (NCLT) has approved Rajesh Business & Leisure Hotels’ resolution plan to acquire a consortium of Rare Asset Reconstruction Company (Rare ARC) and Check-Inn Hotels, a subsidiary of realty developer Shree Naman Group. Read more: NCLAT sets aside NCLT insolvency order against Embassy Developments The company has admitted liabilities of…
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Minister Cleveland speaks on Ekati Diamond Mine insolvency protection filing My North Now Read the original article here
NCLAT ends insolvency proceedings against realty firm Embassy Development The Economic Times Read the original article here
New Delhi, May 4 (PTI) Appellate tribunal NCLAT has set aside an NCLT order that allowed insolvency proceedings against realty firm Embassy Development. Appellate tribunal NCLAT has set aside an NCLT order that allowed insolvency proceedings against realty firm Embassy Development. (Photo for representational purposes only) (Representative image/Pixabay ) The Delhi bench of the National…
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IBC 7th Amendment Aims To Cut Insolvency Delays, Says Crisil Ratings KNN India Read the original article here
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Final order protects embassy, ₹4,600cr pre-sales The tribunal also rolled interim protections into its final order, so there are no lingering legal worries for the company. Embassy says its projects kept running smoothly through it all. Chairman Jitu Virwani called the case a “This was a legacy issue whereby a letter by Indiabulls Real Estate…