Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-sets-aside-future-consumer-s-plea-for-insolvency-against-aussee-oats-125092901212_1.html” on this server. Reference #18.529c3e17.1759161576.1abbf324 https://errors.edgesuite.net/18.529c3e17.1759161576.1abbf324 Read the original article here
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An update from JBF Industries Limited ( (IN:JBFIND) ) is now available. JBF Industries Limited is undergoing a Corporate Insolvency Resolution Process (CIRP), and a Resolution Plan…
New Delhi, Sep 29 (PTI) Appellate Tribunal NCLAT has set aside an appeal by Future Consumer Ltd (FCL) seeking to initiate insolvency against Aussee Oats Ltd. A two-member NCLAT bench has upheld the orders of the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the claims of FCL, part of the…
The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal from Future Consumer Ltd (FCL) seeking insolvency proceedings against Aussee Oats Ltd. This decision supports the previous ruling of the National Company Law Tribunal (NCLT) in Mumbai. FCL claimed dues exceeding Rs one crore from Aussee Oats, part of an earlier Rs two crore…
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The ruling is more than a closure of a prolonged corporate rescue. In a judgment closely watched by lenders and investors, the court reaffirmed the finality of approved insolvency plans, clarified the interplay between the Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA) once a plan is cleared, and shut…
Scheftner relaunches under new ownership following insolvency Metal Additive Manufacturing magazine Read the original article here
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Auditor General Nancy Gathungu, in the latest report, revealed that Pyrethrum Processing Company of Kenya is insolvent. [File, Standard] The Ministry of Agriculture plans to revive the Pyrethrum Processing Company of Kenya (PCCK) amid claims of insolvency and sabotage by a section of managers. This came as Agriculture Principal Secretary Paul Ronoh and the company’s…
Auditor General Nancy Gathungu, in the latest report, revealed that Pyrethrum Processing Company of Kenya is insolvent. [File, Standard] The Ministry of Agriculture plans to revive the Pyrethrum Processing Company of Kenya (PCCK) amid claims of insolvency and sabotage by a section of managers. This came as Agriculture Principal Secretary Paul Ronoh and the company’s…