Riley joined Azets from Kroll. Credit: Woodan/Shutterstock.com. Business advisory group Azets has expanded its UK restructuring and insolvency practice with the appointment of Dave Riley as a partner in its Manchester office. Riley joined the company last month from Kroll. He has proven experience in the lender markey and insolvency, with a particular focus on…
Administration can be a route to rebirth Daily Business Magazine Read the original article here
Heranba Organics Private Limited, a wholly-owned subsidiary of Heranba Industries, faces an insolvency application filed by Haresh Petrochem Private Limited for a claim of Rs 1.70 Crores.The outstanding balance stands at Rs 93.90 Lakhs (₹0.94 cr), with the Insolvency and Bankruptcy Code (IBC) petition filed before the NCLT, Mumbai. Reader Takeaway: Insolvency filing against subsidiary…
Baron Infotech Limited Conducts 19th Committee of Creditors Meeting Under Corporate Insolvency Resolution Process scanx.trade Read the original article here
Byju’s insolvency case: Supreme Court issues notice, orders status quo in CoC dispute over impleadment rights Mint Read the original article here
Byju’s insolvency case: Supreme Court issues notice, orders status quo in CoC dispute over impleadment rights Mint Read the original article here
The Rise and Fall of a 3-D Printing Empire The New York Times Read the original article here
First Brands nears bankruptcy settlement, tees up business unit sales Reuters Read the original article here
Adebanjo Adebayo Talabi was the director of Bebo Construction Limited. He pleaded guilty to three counts of fraud by false representation for claiming £150,000 in Covid Bounce Back Loans. He received a two-year sentence, suspended for two years, an unpaid work order, and a six-year director disqualification. The south-London director of a construction company has narrowly avoided jail after admitting exaggerating his company’s turnover…
New Delhi: The Supreme Court on Friday pulled up unsuccessful bidding companies in insolvency cases for challenging commercial decisions taken by lenders, warning that such attempts undermine the design of India’s bankruptcy framework. A bench led by Justice B.V. Nagarathna made the observations while upholding the resolution plan of Sarda Energy & Minerals Ltd for…