A Thames Water logo is pictured on a sign outside the company’s Beddington Sewage Treatment Works, near Croydon, south London on March 14, 2025. Britain’s biggest water supplier, Thames Water, was hit on May 28, 2025 with a record fine of 122.7 million ($165 million) over pollution and improper dividend payments, a regulator said.…
BarcelonaGood news for the Catalan energy company Holaluz. The judge in Barcelona’s Commercial Court No. 5 has approved the company’s debt restructuring plan, giving the group a breathing space and allowing it to avoid the insolvency it would have been forced to face due to the debt maturities it was facing. Holaluz has informed BME…
KPMG aquires assets of insolvent Victoria tech firm Llamazoo for $1.45M Times Colonist Read the original article here
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Anil Ambani-promoted Reliance Infrastructure Ltd. under the corporate insolvency resolution process (CIRP) and has appointed Tehseen Fatima Khatri as the interim resolution professional (IRP). The development followed an application filed by IDBI Trusteeship Services Ltd on behalf of the operational creditors. The trustee…
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Leaving Dentons Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China.…
The National Company Law Tribunal (NCLT) on Tuesday issued notices to electric vehicle (EV) ride-hailing startup BluSmart Mobility Ltd and Gensol Engineering Ltd on three new insolvency petitions by financial creditors over alleged unpaid dues. Spectrum Trimpex Pvt. Ltd and Catalyst Trusteeship Ltd moved the tribunal under Section 7 of the Insolvency and Bankruptcy Code…
Representative Image The Insolvency appellate tribunal NCLAT has set aside the directions of the NCLT for a forensic audit of Golden Tobacco, and a change in the resolution professional of the debt-ridden cigarette maker. Passing an order over a batch of petitions filed against the NCLT order, the National Company Law Appellate Tribunal also extended…
“The company has made full payment of Rs 92.68 crore to Dhursar Solar Power, towards the claim of tariff as per the energy purchase agreement with the company. Accordingly, the company preferred an appeal before the Hon’ble NCLAT and will seek withdrawal of the order dated May 30, 2025, passed by NCLT Mumbai, for corporate…
On April 15, the Securities and Exchange Board of India barred Gensol Engineering promoters Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities market. The markets regulator also prohibited them from holding any key managerial roles, following findings that funds had been diverted in a loan-financed electric vehicle purchase scheme. According to SEBI’s…