Static Media / Shutterstock / Getty There were several restaurant chains that went bankrupt in the 1980s, all with different outcomes. While some seemed to give up completely, others managed to stick around for several years or even decades. Some are even still around, or perhaps you……
The National Company Law Tribunal (NCLT) New Delhi bench of Shri Manni Sankariah Shanmuga Sundaram (Judicial Member) and Shri Atul Chaturvedi (Technical Member) has held that when a demand notice under section 8 of the IBC is returned unserved with the endorsement “the addressee has left without instructions” and the Operational Creditor fails to effect…
When a retail tenant enters voluntary administration, it creates a complex situation for landlords because the landlord’s usual rights are restricted. Separately from the various tenant protections contained in retail leases legislation, the Corporations Act 2001 (Cth) the Act, prescribes how administrations are conducted, which places limits on landlords’ rights. What is voluntary administration? Administration is a process where…
Home Business How did Anil Ambani’s telecom company go bankrupt, once used to challenge Airtel, Idea, launched Rs 500 phone to…. Anil Ambani’s Reliance Infocomm revolutionized the telecom market by offering CDMA mobile phones for Rs 501 in 2003. Anil Ambani (File) Several companies of Anil Ambani were raided by the Enforcement Directorate under the…
“RCOM is undergoing Corporate Insolvency Resolution Process as per the Insolvency and Bankruptcy Code, 2016, since over six years,” Reliance Infrastructure said. File | Photo Credit: Reuters Reliance Group firms Reliance Infrastructure (RInfra) and Reliance Power (RPower) on Sunday (July 27, 2025) said the Enforcement Directorate (ED) had concluded searches on their premises and that…
Reliance Power, Reliance Infra raids: Anil Ambani-owned companies say ‘action by ED concluded’ — Full statement Mint Read the original article here
The e-auction to sell Eurotas Infrastructure Limited (EIL), currently under liquidation, has been relaunched after the earlier notice dated July 22, 2025, was withdrawn. The fresh e-auction, scheduled for August 28, 2025, will offer the company on a going concern basis or allow the sale of its movable assets on a collective basis. As per…
CE-Line Declared Bankrupt Amid Commercialization Struggles; Trustee Exploring Potential Restart iGrow News Read the original article here
In a recent case, the Madras High Court ruled that the petitioner company need not undergo the process of giving reply to the impugned show cause notices since, in any case, it is going to result only in launching of a prosecution against the petitioner company and its new management. It was observed that the…
Dutch tech company CE-Line, developer of sensor technology for greenhouse horticulture, has been declared bankrupt. The international branch, CE-Line International, is also in a state of bankruptcy. The trustee is investigating a potential restart, and interested parties are invited to come forward. The CE-Line system, developed by the scale-up from Emmeloord in the Dutch…