New Delhi: The National Company Law Appellate Tribunal (NCLAT) has directed that insolvency proceedings against Future Lifestyle Fashions be concluded within three months, while dismissing an appeal filed by an operational creditor. A two-member bench comprising Yogesh Khanna and Ajai Das Mehrotra said, “However, we request the Resolution Professional, the NCLT to conclude the proceedings…
The Aberdeen-based Doric Pub Company Limited operated the Kittybrewster Bar and the Brig O’Dee Bar in the city. The company agreed to a resolution “that the company cannot by reason of its liabilities, continue its business, and that it is appropriate to wind up the company and accordingly, that the company be wound up voluntarily”,…
The Insolvency and Bankruptcy Code, originally designed to unseat promoters of companies defaulting on loans, is now opening a window for some of them to stay on and attempt a revival under creditor oversight.The original framework was unambiguous. Section 29A of the Insolvency and Bankruptcy Code barred wilful defaulters and delinquent promoters from bidding for…
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, has been recently passed by Parliament to strengthen India’s insolvency framework. The parent law, the Insolvency and Bankruptcy Code, was enacted in 2016 to create a time-bound mechanism to deal with companies that default on their loans by reviving them through resolution or liquidating them if resolution…
Applebee’s Restaurant Closures: See the List of Doomed Locations After a Major Franchisee Went Bankrupt inc.com Read the original article here
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Got story updates? Submit your updates here. › As insolvency filings surge in Germany, access to detailed data becomes essential for businesses to assess financial risks and respond to market disruptions.Oakland Park Today Germany Insolvencies reports that insolvency filings have surged by more than 300% in five years, cutting across sectors and increasing risk exposure…
Viksit Engineering Limited Receives BSE Trading Approval for 12,500 Equity Shares scanx.trade Read the original article here
Maxeon filing reveals the company has applied for restructuring in Singapore court pv magazine USA Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…