Open this photo in gallery: Employees complete finishing on pantyhose inside Sheertex, a textile company that makes unbreakable by human hands pantyhose in Montreal, Quebec, December 20, 2019. (Christinne Muschi /The Globe and Mail)Christinne Muschi/Christinne Muschi/The Globe and A.Y.K. International Inc., the maker of Secret and Silk pantyhose, has struck a deal to purchase insolvent…
Birla Cotsyn (India) Limited’s financial commitment from acquirers reaches ₹52.43 Crore; admitted secured creditor claims stand at ₹656.78 Crore. Reader Takeaway: Higher recovery via NCLT approval; legal overhangs and implementation risks remain. What just happened (today’s filing) Birla Cotsyn (India) Limited is set for a revival after the National Company Law Tribunal (NCLT), Mumbai Bench,…
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Birla Cotsyn Clarifies Q3 FY26 Consolidated Results Non-Submission to BSE scanx.trade Read the original article here
The Belgian subsidiary of the French fashion brand IKKS was declared bankrupt at the beginning of February by the French-speaking Commercial Court of Brussels. The bankruptcy affects around ten of its own stores and puts dozens of jobs at risk, reports business newspaper L’Echo. IKKS is a French premium fashion brand active in several European…
The Supreme Court has ruled that attachment and confiscation proceedings initiated under the Prohibition of Benami Property Transactions Act, 1988 (Benami Act) cannot be challenged before the National Company Law Tribunal (NCLT) or the National Company Law Appellate Tribunal (NCLAT) under the Insolvency and Bankruptcy Code, 2016 (IBC). The bench of Justice Pamidighantam Sri Narasimha…
The Belgian subsidiary of the French fashion brand IKKS was declared bankrupt at the beginning of February by the French-speaking Commercial Court of Brussels. The bankruptcy affects around ten of its own stores and puts dozens of jobs at risk, reports business newspaper L’Echo. IKKS is a French premium fashion brand active in several European…
French game publisher and accessory maker Nacon has today announced that at the tail end of last week, the company filed for insolvency after hitting serious financial trouble. Looking at the team’s press release on matters, it’s been revealed that majority shareholder Bigben Interactive has effectively failed to make a loan repayment, which now means…
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24 By Lizzy Chirkpi The Federal High Court of Nigeria in Lagos has stepped into the affairs of AMNI International Petroleum Development Company Limited, placing the oil firm under court-supervised administration following a fresh debt claim by one of its creditors. In a ruling delivered on Monday, Nicholas Aneke granted the request of CCM Vessel…