However, talks about bankruptcy started for the company again in 2023. On July 20, 2023, the same Bengaluru bench of NCLT admitted an insolvency plea against Coffee Day Global Ltd. (CDGL), which owns and operates the Cafe Coffee Day chain, over a plea filed by IndusInd Bank, claiming dues of Rs 94 crore. However, it…
HYDERABAD: In a setback to the GVK group, the National Company Law Tribunal (NCLT) at Hyderabad has declared its flagship company GVK Power and Infrastructure Ltd (GVKPIL) as bankrupt and initiated corporate insolvency resolution process (CIRP) for defaulting on a loan (including interest) of Rs 18,000 crore to ICICI Bank and a few other banks.The…
Representative image STOCKHOLM: Sweden‘s Oscar Properties avoided bankruptcy on Monday after reaching a settlement over financial claims made by a housing association, a lawyer representing the creditor said. The creditor, housing association Innovationen, owner of a residential tower in Stockholm that Oscar Properties developed, requested last month that the company be declared bankrupt over unpaid…
Illustration: Binay Sinha 2 min read Last Updated : Aug 13 2024 | 11:43 PM IST The Insolvency and Bankruptcy Board of India will provide a unique identification number for each valuation report prepared under the insolvency law to ensure authenticity, the board said in a circular on Monday. IBBI is the designated…
GVK Power And Infrastructure Declared Bankrupt BW Businessworld Read the original article here
In a recent confession shared on the Facebook page Muflis Bankrupt di Malaysia, an anonymous man (let’s call him Syafiq) detailed his experiences since being declared bankrupt in 2021. In the post, he revealed that during his bankruptcy, his car was repossessed last year. He went on to explain that when the car was taken,…
The future of Venu Sports hangs in the balance as U.S. District Judge Margaret Garnett will decide on whether to grant Fubo a preliminary injunction that would, at the very least, delay the launch of the service. On Tuesday, lawyers for Fubo and Disney, Fox and Warner Bros. Discovery each filed post-trial memos making their final…
Recaro Automotive has declared bankruptcy in Germany VISOR PH Read the original article here
We take a look at Katie Price‘s holidays this year, despite her money woes. The mum-of-five, 46, was declared bankrupt over an unpaid £750,000 tax bill in March. Last week, Price was arrested at Heathrow airport for failing to attend her bankruptcy hearing, meanwhile she was getting plastic surgery in Turkey. Then on Friday, the…
The major downside to cryptocurrency is the risk of loss, which is even more difficult to manage when a crypto exchange is holding your keys. In July 2022, two major crypto trading platforms, Voyager and Celsius, declared bankruptcy. In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX…