Bitter message to Jet staff: IRP says salary dues may not be settled fully – BusinessLine

The Insolvency Resolution Professional (IRP) appointed by the National Company Law Tribunal (NCLT) has told the pilots and staff of Jet Airways that their salary dues may not be settled fully as the company is undergoing the insolvency process. In a meeting with the Jet management the IRP, Ashish Chhawchharia, Partner, Grant Thorton, charted out…

Jet Airways crisis: Insolvency proceedings initiated – Livemint

New Delhi: Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on 17 April and saw lenders voting for bankruptcy earlier this month. The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed…

Laseta Mushrooms and production company Champworld bankrupt – FreshPlaza.com

The mushroom sector has been under pressure for years. The latest victims of the competitive struggle are sales company Laseta Mushrooms and mushroom production company Champworld of Ad and Anja Peffer from Ammerzoden, the Netherlands. The court of Zutphen recently declared both companies bankrupt. Mr C.G. Klomp of Bierman Advocaten has been named the trustee…