The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Ligare Aviation Ltd, holding that the NCLT erred in admitting the plea filed by Religare Enterprises without properly examining the nature of the underlying transactions, which was “only round tripping of money” and not “any genuine financial transaction”. In a strongly worded…
MUMBAI: The screen may have gone dark years ago, but the financial static is still getting louder. Videocon Industries’ long-running insolvency saga deepened in the quarter ended September 30, 2024, with the company reporting a net loss of Rs 2,410.44 crore, highlighting the severe financial and operational challenges it continues to face under the Corporate Insolvency…
Videocon Industries reports Q3FY25 loss, auditor issues disclaimer scanx.trade Read the original article here
Videocon Industries posted a significant loss before tax of ₹2,410.44 crore for the quarter ended September 30, 2024. Revenue from operations stood at ₹166.37 crore. Reader Takeaway: Severe financial distress continues; auditors unable to form an opinion on financials. What just happened Videocon Industries has announced its financial results for the quarter ending September 30,…
REVEALED: Latest business liquidations in Moreton Bay The Courier Mail Read the original article here
Leading supplier of research monkeys declares bankruptcy Science | AAAS Read the original article here
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Major gas and energy company files for bankruptcy thestreet.com Read the original article here
Disproportionate impact on public shareholders Reliance Infrastructure has expressed that the ASM framework has a disproportionate impact on its public shareholders, especially retail investors. The company said during lower-circuit periods, shareholders often struggle to exit their investments at reasonable market prices. It also noted that their holdings could lose value by a nearly fixed percentage…