ABK enters insolvency proceedings in self-administration – Dealroom
ABK enters insolvency proceedings in self-administration Dealroom Read the original article here
Malawi court orders Press Corporation to pay millions to creditors of collapsed retailer PTC – Featured News Malawi
High court finds conglomerate “directly culpable” for insolvency of Peoples Trading Centre after years of trading while insolvent Malawi’s high court has ordered Press Corporation Plc (PCL), one of the country’s largest conglomerates, to pay more than MK7bn (about £3m) to the creditors of Peoples Trading Centre (PTC), the retail chain it once wholly owned,…
NCLT Freezes Byju’s Assets After Disputed Rs 16 Crore Sale
The NCLT Bengaluru bench has frozen assets auctioned during the insolvency process of Think and Learn Private Limited, Byju’s parent company. The court intervened following claims that assets valued at Rs 150 crore were sold for only Rs 16 crore, amid disputes over ownership rights. The next hearing is scheduled for September 21, 2026. The…
NCLT flags EY’s 1% success fee, rejects insolvency plea against Mobase | Company News
The National Company Law Tribunal (NCLT), Chennai, has questioned the validity of a 1 per cent outcome-based fee claimed by Ernst & Young LLP (EY) for securing relief for Mobase Electronics India Private Limited in GST proceedings. A Bench of Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy rejected EY’s plea under…
NCLT freezes Byju’s parent company assets sold in disputed auction
The Bengaluru Bench of the National Company Law Tribunal (NCLT) has ordered a freeze on assets sold during the insolvency proceedings of Think and Learn Private Limited (TLPL), the parent company of Byju’s, after allegations that assets worth around Rs 150 crore were auctioned for just Rs 16 crore. The tribunal has directed Resolution Professional…
NCLT freezes Byju’s parent company assets sold in disputed auction
The Bengaluru Bench of the National Company Law Tribunal (NCLT) has ordered a freeze on assets sold during the insolvency proceedings of Think and Learn Private Limited (TLPL), the parent company of Byju’s, after allegations that assets worth around Rs 150 crore were auctioned for just Rs 16 crore. The tribunal has directed Resolution Professional…
Wholesale nursery of Mediterranean garden and house plants declared bankrupt
Three companies active in ornamental horticulture and trade were declared bankrupt on Tuesday, September 1, in the Netherlands. The businesses involved are wholesale nursery Green Collect Sales, based in De Kwakel; Nakayama Floral Design, based in The Hague; and florist Blossom Flowers,…
FarmInsect shuts down after failed rescue efforts – Aquafeed.com
FarmInsect shuts down after failed rescue efforts Aquafeed.com Read the original article here
All jobs lost as Scots haulage firm goes into liquidation after 60 years – The Scottish Sun
All jobs lost as Scots haulage firm goes into liquidation after 60 years The Scottish Sun Read the original article here
PANDION AG files for insolvency proceedings in self-administration – Dealroom
PANDION AG files for insolvency proceedings in self-administration Dealroom Read the original article here