Cult brand Govecs Group joins graveyard of insolvent German mobility companies – Bike Europe
Cult brand Govecs Group joins graveyard of insolvent German mobility companies Bike Europe Read the original article here
IBC Effective But Dragged Down By 713 Day Delays, Litigation: Parliamentary Standing Committee
New Delhi Dec 4 (KNN) The Parliamentary Standing Committee on Finance has noted that the Insolvency and Bankruptcy Code (IBC) has played a significant role in strengthening India’s business environment. However, it also warned that persistent systemic challenges continue to hinder the Code’s overall effectiveness. In its report titled ‘Review of Working of IBC and…
DyeCoo collapses; wanted to make textile sector more sustainable
DyeCoo, based in Hoofddorp and known for its sustainable textile dyes, has gone out of business. The company received millions from IKEA and Nike, among others, but had been suffering losses for years. DyeCoo Textile Systems was founded in 2008 by researchers from Delft. They devised a way to dye polyester using CO₂ instead of…
Finnish berry firm at centre of human trafficking suspicions declares bankruptcy | Yle News
The restructuring of Arctic International was discontinued due to serious deficiencies in the company’s accounting records. Open image viewer The company’s former CEO, Janne Naapanki has been convicted of aggravated tax fraud and accounting offences. File photo. Image: Janne Järvinen / Yle Finnish berry company Arctic International has been declared bankrupt following the discontinuation of…
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NCLAT Rules on Liquidator Appointment Rights for Creditors in Insolvency Cases, ETRealty
NEW DELHI: Only the Committee of Creditors (COC) has the authority to appoint a liquidator for a debt-ridden company undergoing insolvency procedure, and not the NCLT, in cases where a Resolution Professional has not submitted a written consent, the appellate tribunal NCLAT has said. Passing a common order in two identical matters, where the National…
NCLAT says committee of creditors has right to appoint liquidator for debt-ridden firm, not NCLT – ET Realty
NCLAT says committee of creditors has right to appoint liquidator for debt-ridden firm, not NCLT ET Realty Read the original article here
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