BluSmart enters insolvency over financial default – The Morning Context
BluSmart enters insolvency over financial default The Morning Context Read the original article here
NCLT admits BluSmart Mobility into insolvency
BENGALURU: The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Catalyst Trusteeship’s petition against electric‑cab operator BluSmart Mobility for defaulting on dues of about Rs 1.28 crore. The tribunal’s order initiated the corporate insolvency resolution process (CIRP) and appointed NPV Insolvency Professionals Private Ltd as the Interim Resolution Professional (IRP).BluSmart, once a high‑profile player…
Access Denied
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/start-ups/nclt-ahmedabad-admits-blusmart-into-insolvency-125072901534_1.html” on this server. Reference #18.d3672817.1753799546.bdbe2db https://errors.edgesuite.net/18.d3672817.1753799546.bdbe2db Read the original article here
Businessman jailed after failing to disclose £130,000 in assets and obtaining thousands in credit during bankruptcy order
Helim Miah was made bankrupt in 2006, owing millions to his creditors. Despite a bankruptcy order and a 13-year director disqualification, he formed two companies and bought a car on finance. He was sentenced to four years and eight months in prison at Merthyr Tydfil Crown Court. A Welsh businessman, made bankrupt nearly 20 years…
BluSmart enters insolvency amid corporate governance challenges
July 29 (Reuters) – Indian electric cab firm BluSmart has entered insolvency, an order from a company law tribunal showed, amid mounting corporate governance issues after a regulatory probe alleged its co-founder diverted funds meant for vehicle purchases. BluSmart suspended operations in April after India’s market regulator barred co-founder Anmol Jaggi from the securities market.…
NCLT Ahmedabad bench admits insolvency petitions against Blusmart Mobility
The Ahmedabad bench of the National Company Law Tribunal has admitted a petition seeking to initiate bankruptcy proceedings against ride hailing startup BluSmart Mobility. BluSmart Mobility was founded by the Jaggi brothers, the promoters of Gensol Engineering, a listed solar engineering company. Gensol itself was admitted into insolvency proceedings by the same NCLT bench in…
Princess Andre shows off HUGE designer shopping haul after mum Katie Price was made bankrupt twice – The Sun
Princess Andre shows off HUGE designer shopping haul after mum Katie Price was made bankrupt twice The Sun Read the original article here
Receiver says Cannasouth heading for liquidation, owes $2.5m to noteholders – BusinessDesk | NZ
Receiver says Cannasouth heading for liquidation, owes $2.5m to noteholders BusinessDesk | NZ Read the original article here
NCLT Ahmedabad Admits BluSmart Mobility Into Insolvency
The National Company Law Tribunal Ahmedabad bench on Monday admitted the cab hailing platform BluSmart Mobility into insolvency on a plea filed by Catalyst Trusteeship for a default of over Rs 1.28 crore. Additionally, The Interim Resolution Professional appointed by the NCLT for BluSmart Mobility is NPV Insolvency Professionals Private Limited. The financial creditor has…
Access Denied
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/blusmart-insolvency-proceedings-cofounder-fund-misuse-corporate-governance-125072900893_1.html” on this server. Reference #18.d1672817.1753782027.370d3654 https://errors.edgesuite.net/18.d1672817.1753782027.370d3654 Read the original article here