The National Company Law Tribunal (NCLT) Kolkata Bench has admitted a Section 7 insolvency application filed by State Bank of India (SBI) against Martina Bio Genics Private Limited and held that pending winding-up proceedings cannot override the objective of corporate revival under the Insolvency and Bankruptcy Code, 2016 (IBC). SBI submitted that Martina Bio Genics…
The National Company Law Tribunal (NCLT) Bengaluru Bench has admitted an insolvency application and held that proceedings initiated by a secured creditor under the Securitisation and Reconstruction of Financial Assets and Enforcement ofSecurity Interest Act, 2002 (SARFAESI) does not operate as a bar to the initiation of corporate insolvency resolution process (CIRP) under the Insolvency…
A family-run building company based in Swindon has appointed liquidators after a decade in business. Twelve Design & Build Limited, based at 12 Sheep Street, Highworth, specialises in the construction of domestic buildings, covering everything from extensions and renovations to loft and barn conversions across Swindon and surrounding areas. But according to The Gazette official…
Family-run Swindon building firm appoints liquidators after years of business Swindon Advertiser Read the original article here
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EL PASO, Texas (KTSM) –The Board of County Commissioners approved an emergency procurement contract for medical and mental health services at the Doña Ana County Detention Center, after the previous provider declared bankruptcy. The approval was done during a special meeting on Tuesday, June 2. Thrive Medical Services LLC was awarded the emergency procurement contract…
The NCLT directs modification of the Precision Realty resolution plan, safeguarding the statutory rights of secured creditor IndusInd Bank | Representational Image Mumbai, June 2: The National Company Law Tribunal (NCLT), in its recent order passed in the insolvency case of Precision Realty Developers Pvt Ltd, has held that a dissenting secured financial creditor cannot…
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Housebuilder cheated creditors by secretly transferring company land to partner TheBusinessDesk.com Read the original article here