Three weeks after the Reserve Bank of India (RBI) submitted a plea to initiate corporate insolvency resolution proceedings (CIRP) against Delhi NCR-based non-banking financial company (NBFC) AVIOM India Housing Finance, the National Company Law Tribunal (NCLT) has granted approval for the petition. Earlier, the Reserve Bank had taken action by superseding AVIOM’s board due to…
Amraiz Mahmood secured more than £20,000 in Covid support funds by falsely declaring he had a turnover of £81,000 as a self-employed delivery driver and courier Mahmood spent the money on drugs and gambling and also used a separate non-Covid related loan for almost £40,000 worth of renovations to his home just before he…
Last week, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) completed the hearing and reserved its order over the appeal filed by the director of its suspended board, CDEL informed through a regulatory filing. Last Updated : 24 February 2025, 09:26 IST Read the original article here
Amraiz Mahmood secured more than £20,000 in Covid support funds by falsely declaring he had a turnover of £81,000 as a self-employed delivery driver and courier Mahmood spent the money on drugs and gambling and also used a separate non-Covid related loan for almost £40,000 worth of renovations to his home just before he filed…
Adani Power was selected as the successful resolution applicant under the CIRP of Vidarbha Industries Power. Adani Power news: Indian billionaire Gautam Adani has been expanding his business empire. In this regard, his Adani Power Limited (APL), a Rs 1.82 lakh crore market cap company, has received a Letter of Intent (LOI) to acquire Vidarbha…
The Bengaluru insolvency court selected Shailendra Ajmera to act as a resolution professional for Byju’s bankruptcy proceedings after changing the leadership of the case. Byju implemented this action directly after the National Company Law Tribunal (NCLT) expressed doubt about the resolution performance of Pankaj Shrivastava as a former resolution professional. The company finds itself at…
IBC Weely Round-Up [17th February-23rd February] Live Law – Indian Legal News Read the original article here
Byju’s insolvency: NCLT approves new resolution professional MSN Read the original article here
Conservative opposition leader Robert Alden said: “Labour’s salami slicing has both driven services into the ground and failed to make the necessary savings or transform the council into a modern institution fit for purpose. “This abject failure has been driven at every instance by the failure of the Labour leadership in Birmingham”. Leader of Birmingham…
Number of liquidations going down under IBC: IBBI chief MSN Read the original article here