In the 1970s, Peugeot expanded greatly, taking over Citroen in 1975 and forming the PSA Group, followed by Chrysler’s European division in 1978. However, what seemed like a good idea at the time, soon put the company into financial trouble. To survive, Peugeot needed to think big, or rather, should that be, little – as…
New Delhi: The National Company Law Tribunal (NCLT) has admitted an insolvency plea against Blu-Smart Mobility Tech over non-payment of dues worth Rs 5.84 crore to Lepton Software Export and Research. The Ahmedabad bench, comprising members Sanjeev Sharma and Shammi Khan, appointed Pawan Kumar Goyal as the interim resolution professional (IRP) and suspended the company’s…
How a successful Luxembourg filmmaker went bankrupt Luxembourg Times Read the original article here
This marks a key milestone in one of the longest-running corporate insolvency proceedings of the country. The five bidders in fray are billionaire Anil Agarwal’s Vedanta Ltd, billionaire Gautam Adani-led Adani Enterprises, billionaire Naveen Jindal-backed Jindal Power Ltd, Puneet Dalmia’s Dalmia Bharat and PNC Infratech Ltd. “There are more processes to be followed and approvals…
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The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a network of EV charging infrastructure in India. The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and Research against Blu-Smart Mobility over…
NCLT admits insolvency case against Blu-Smart Mobility Tech over unpaid dues. Pawan Kumar Goyal appointed as resolution professional. New Delhi, Oct 19 (PTI) The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a network of EV charging infrastructure…
New Delhi, Oct 19 (PTI) The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a network of EV charging infrastructure in India. The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and…
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NCLT admits insolvency case against Blu-Smart Mobility Tech Press Trust of India Read the original article here