New Delhi: The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday issued a notice on a ₹510 crore insolvency plea filed by the Indian Renewable Energy Development Agency Ltd (Ireda). The bench, comprising judicial member Shammi Khan and technical member Sanjeev Kumar Sharma, declined Ireda’s request to appoint an interim resolution professional…
According to disclosures available on the company’s website, Aviom India Housing Finance has admitted claims worth Rs 1,360 crore from financial creditors. The committee of creditors is being led by BlueOrchard, which has the largest exposure of funds to Aviom India Housing Finance. BlueOrchard is a Switzerland-based impact investor. Other large creditors to the company…
Leicester City’s front-of-shirt sponsor BC.Game declared bankrupt Tribuna.com Read the original article here
Rs 67,000 crore recovered under IBC in FY25, marking 42% YoY jump MSN Read the original article here
Pakistan Hasan Nawaz cleared of insolvency charges … Read the original article here
When a company in Germany becomes insolvent—meaning its income no longer covers its debts—it is legally required to file for insolvency to avoid criminal charges. The court first assesses whether the business can afford the proceedings, and if viable, appoints an insolvency administrator to draft a restructuring plan. Creditors vote on this plan while the…
NCLT gave nod for resolution plans to the tune of over ₹67,000 crore in FY2024-25 under bankruptcy law The Hindu Read the original article here
More and more Finnish companies are going under, reports Kauppalehti. Open image viewer Thousands of businesses closed their doors last year. Pictured here is a sign reading “the shop is closed.” Image: Kalle Purhonen / Yle Finland is continuing to see a larger-than-usual number of bankruptcies, reports business daily KauppalehtiOpens an external website. The number…
Affimed N.V. (AFMD) has received notice from Nasdaq that its common shares will be delisted from the exchange. Trading of AFMD shares will be suspended on May 20, 2025, following the company’s insolvency filing in the Mannheim court, Germany, on May 13, 2025. The delisting decision is…
Restucturing and Insolvency: Ireland’s leading practitioners give their insights on the current trends and analyse the business outlook. For some entrepreneurs in Ireland, there may be a perceived stigma about formal restructuring or insolvency procedures, unlike the culture in the US. With SMEs in particular, there is also a worry about triggering an adverse financial…