“We have considered the relevant materials without delving further, given the piquant situation, we do not think that the Petitioner (Byju’s) should be favoured with the interim order,” said the NCLT bench, comprising members Radhakrishna Sreepada and Sunil Kumar Aggarwal. Read the original article here
The National Company Law Tribunal (NCLT) has directed the initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of the debt-laden Jaiprakash Associates Limited (JAL). This follows an operational creditor petition from Sidhgiri Holdings Pvt Ltd, claiming unpaid dues of INR 45 crore for coal supplied to the company between September 2021 and June…
Syntace GmbH Files for Insolvency as it Continues “Very Advanced Talks” with Investors Pinkbike Read the original article here
Construction company collapses leaving creditors $300,000 out of pocket MSN Read the original article here
Construction company collapses leaving creditors $300,000 out of pocket MSN Read the original article here
KMC had assessed property tax dues on an asset of the corporate debtor located within its municipal limits. While part payment was made in 2018, ₹30.28 lakh remained outstanding, leading to issuance of a distress warrant. After Talwalkars Better Value Fitness Ltd. entered corporate insolvency on January 11, 2021, KMC raised a demand for the…
A woman from Dumfries and her sister have been banned as company directors for seven years for their role in a scheme that put creditors at risk of losing over £67 million. Joanna Seawright, 54, of Mavis Grove, Dumfries, and her sister Karen Mortimer, 67, of San Miguel de Abona, Tenerife, put the creditors of 138…
A court ordered insolvency proceedings for Tirumalla Agro Industries, a unit of India’s Kute Group, deepening the legal troubles facing the conglomerate whose founders are in jail over allegations they siphoned INR 2,467 crore from a cooperative lender. The National Company Law Tribunal in Mumbai admitted the bankruptcy petition filed by creditor Aryatech Platforms against…
The cover of Stephenson’s book. Legal influencer Alice Stephenson has accused the liquidators of her law firm of making her bankrupt as “punishment”. In 2023 the self-described “most followed lawyer on LinkedIn”, who has 68,000 followers on the networking platform, liquidated her firm Stephenson Law and transferred its assets to a new business, Plume. This…
Alice Stephenson criticises liquidators after £666k director’s loan leads to bankruptcy A legal influencer has revealed that she has been declared bankrupt due to a “mountain of personal debt,” just a day after announcing the sale of her now-liquidated law firm to another legal business. Alice Stephenson’s firm, Stephenson Law, went into liquidation in November…