NCLT Admits Insolvency Case Against Blu-Smart Mobility: Rediff Moneynews

NCLT admits insolvency case against Blu-Smart Mobility Tech over unpaid dues. Pawan Kumar Goyal appointed as resolution professional. New Delhi, Oct 19 (PTI) The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a network of EV charging infrastructure…

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Adani Infra Wins Bid for Punj Lloyd Amid Insolvency Proceedings

Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Punj Lloyd Ltd. ( (IN:PUNJLLOYD) ) has provided an announcement. Punj Lloyd Limited, currently undergoing a Corporate Insolvency Resolution Process, has announced that Adani Infra (India) Limited…

Hi-Tech Gears Limited: Update on Insolvency Resolution Process

Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An announcement from Hi-Tech Gears Limited ( (IN:HITECHGEAR) ) is now available. Hi-Tech Gears Limited has announced updates regarding its ongoing Corporate Insolvency Resolution Process (CIRP). The…

Insolvency & Bankruptcy Code can’t shield directors from cheque bounce cases: HC | Nagpur News

Nagpur: Clarifying the interplay between insolvency and criminal liability, the Nagpur bench of Bombay high court recently ruled that insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) do not exempt company directors or signatories from prosecution under Section 138 of the Negotiable Instruments Act (NI Act) in case of cheque dishonour.Justice MM Nerlikar, allowing…