The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency appeal against Amrit Polychem filed by Korea Trade Insurance Corporation. The appellate tribunal has upheld the order passed by the Mumbai Bench of the National Company Law Tribunal (NCLT), observing a preexisting dispute between the parties. The NCLAT said Korea Trade Insurance Corporation (Ksure)…
The Northumberland Gazette has reported that A Cramlington-based construction company has taken action to “protect the position of the business” after a winding-up petition from HM Revenue and Customs (HMRC). Merit Group Services Limited has filed a Notice of Intention to Appoint Administrators, saying the petition caused project delays and “significant additional pressure” on cashflow,…
Published October 15, 2025 Accessories and jewellery chain Claire’s continues to scale back its international network. After filing for bankruptcy in the US this summer, Claire’s… Read the original article here
Published October 15, 2025 Accessories and jewellery chain Claire’s continues to scale back its international network. After filing for bankruptcy in the US this summer, Claire’s… Read the original article here
New Delhi, The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency appeal against Amrit Polychem filed by Korea Trade Insurance Corporation. The appellate tribunal has upheld the order passed by the Mumbai Bench of the National Company Law Tribunal (NCLT), observing a preexisting dispute between the parties. The NCLAT said Korea Trade Insurance…
It’s one thing for your company to go bankrupt. But Kass and Mike Lazerow say they lost friends because of it too. In August 2000, just two months after the now defunct e-commerce retailer Chipshot completed its acquisition of the Lazerows’ golf score tracker, Golf.com, for a reported $250,000 in cash and 3 million shares…
Innsbruck — An Austrian court found former property billionaire Rene Benko guilty of one count of insolvency-related fraud on Wednesday, his first criminal conviction related to the collapse of his real estate group Signa, but cleared him on a second count. The court, in his home city of Innsbruck, handed him a two-year prison sentence…
Longtime South Florida health service provider files for bankruptcy The Business Journals Read the original article here
IBC’s Real Estate Crisis: Homebuyers Left Powerless While Builders and Lenders Exploit Legal Loopholes Moneylife Read the original article here
Following a recent ruling by the Supreme Court related to interpreting provisions of the IBC, an approval from the competition watchdog is mandatory for submission of a resolution plan by the entity concerned Competition Commission of India (CCI) has given in-principal approval to Vedanta’s proposal to acquire debt-ridden Jaiprakash Associates (JAL), should it win a…