MUMBAI: A blanket ban by the BMC on the use of charcoal tandoors in restaurants and hotels has put the livelihood of thousands of charcoal merchants in jeopardy. This move is set to impact around 1,000 businesses from Colaba to Dahisar and leave thousands of people jobless, especially as the 200 godowns operating from the…
NEW DELHI: The National Company Law Tribunal (NCLT) has given a green light to JSW Energy‘s resolution plan for KSK Mahanadi Power Company under the Insolvency & Bankruptcy Code, which will result in an upfront cash recovery of around Rs 16,000 crore for financial creditors, which is around half their claim. Besides, the creditors will…
Joann, bankrupt fabrics and crafts company, to close 500 stores Times-West Virginian Read the original article here
Accuride operates manufacturing plants in Erie, Pa.; Henderson, Ky.; Rockford, Ill.; and Springfield, Ohio. (Daniel Knight) [Stay on top of transportation news: Get TTNews in your inbox.] Wheel manufacturer Accuride Corp. expects its U.S. operations to exit bankruptcy proceedings in the coming weeks following a Feb. 11 hearing. Accuride’s U.S. and Canadian businesses filed for…
The latest personal insolvency statistics indicated a total of 828 personal insolvencies for December last year, according to provisional monthly statistics by the Australian Financial Security Authority. You’re out of free articles for this month Log in Sign up To continue reading the rest of this article, please log in. Create free account to get…
The National Company Law Tribunal (NCLT) has overturned its own July 2023 decision to initiate insolvency proceedings against Logix Infrastructure. The tribunal found that the insolvency application was filed with “fraudulent and mala fide intentions” by the financial creditor, Experts Realty Professionals. This rare move highlights ongoing concerns about the misuse of insolvency laws in…
Lilium Suspends Business Ops, Faces Potential Second Insolvency | Aviation Week Network https://aviationweek.com/themes/custom/particle/dist/app-drupal/assets/awn-logo.svg Skip to main content … Read the original article here
Foresea Limited targeted businesses with hospitality tickets for the British Grand Prix The company is connected to three similar scam businesses shut down following Insolvency Service investigations. Foresea Ltd was wound-up at the High Court in Manchester on 12 February 2025. A company which offered businesses British Grand Prix hospitality packages they never actually had…
Foresea Limited targeted businesses with hospitality tickets for the British Grand Prix The company is connected to three similar scam businesses shut down following Insolvency Service investigations. Foresea Ltd was wound-up at the High Court in Manchester on 12 February 2025. A company which offered businesses British Grand Prix hospitality packages they never actually had…
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