Sun Granite Export gets ROC nod for AGM extension amid insolvency – scanx.trade
Sun Granite Export gets ROC nod for AGM extension amid insolvency scanx.trade Read the original article here
NCLT Admits ₹63.15 Cr City Union Bank Insolvency Plea
Home/Corporate Laws/NCLT Admits ₹63.15 Cr Insolvency Plea by City Union Bank; Upholds Common NPA Date Valid for Multiple Loan Accounts [Read Order] Corporate LawsLaw Report NCLT admitted CIRP as common NPA date applied validly across accounts, with default exceeding ₹1 crore threshold. Headnote⁂ City Union Bank Ltd. Vs Bhavanam Spinning Mills Private Limited Citation 2026…
Cherry Creek, Boulder spots stay open as True Food Kitchen goes bankrupt
Restaurant chain True Food Kitchen has filed for bankruptcy, but Colorado locations will continue operating. The company’s restaurants in Boulder and Denver’s Cherry Creek neighborhood are staying open, but 12 locations in other states were shuttered on Sunday. The changes leave True Food Kitchen with 34 stores across 14 states. Read the original article here
Liquidators appointed for firm behind Dunfermline’s Istanbul takeaway
But the establishment will stay open after two new takeaway firms were registered at its address on Guildhall Street. A representative of the eatery said: “I can confirm that Istanbul Kebab House remains open and continues to trade as normal. “The management of the business has changed, but customers can still expect the same amazing…
Vertical bifacial PV specialist Next2Sun files for insolvency for two subsidiaries
Vertical bifacial PV specialist Next2Sun files for insolvency for two subsidiaries – PV Tech Skip to content Read the original article here
NCLT Admits ₹14.50 Cr Insolvency Plea Against Cherupushpam
Home/Corporate Laws/Corporate Guarantor held Liable Despite Borrower’s Ongoing CIRP:NCLT Admits ₹14.50 Cr Insolvency Plea Against Cherupushpam Films [Read Order] Corporate LawsLaw Report NCLT admitted CIRP as financial debt and default were established, while guarantor liability survived borrower’s ongoing insolvency process. The case number, coram and counsel for this order are part of the subscriber record.…
NCLT Admits ₹312.89 Cr Insolvency Plea by CBI – Taxscan
NCLT Admits ₹312.89 Cr Insolvency Plea by CBI Taxscan Read the original article here
Factory “8. Mart” in bankruptcy: 150 workers out of work Meta description:
More than 150 employees in the sock factory “March 8” in Subotica was left without work, but also without wages for August and September, after bankruptcy proceedings were opened against the company on October 1 due to permanent inability to pay, the Beta agency reported. Workers were informed about their rights and next steps at…
BoG Urges Greater Use of Restructuring to Rescue Distressed Ghanaian Businesses
The Bank of Ghana (BoG) has urged greater use of business restructuring to rescue viable companies facing financial distress, saying liquidation should not be the first option when businesses can be restored to financial health. Elliot Amoako, Head of the Resolution and Restructuring Unit at the BoG, said some companies face temporary liquidity constraints that…
Papelera de Oiartzun takes on part of Papresa’s insolvency debts
Papelera de Oiartzun has assumed selected insolvency claims and liabilities as part of its acquisition of the production assets of insolvent paper manufacturer Papresa. The company is part of Spain’s CL Grupo Industrial and is now operating the former Papresa site in Errentería…. Read the original article here