Byju’s faces financial probe amid insolvency woes – Tech in Asia
Byju’s faces financial probe amid insolvency woes Tech in Asia Read the original article here
NCLAT Dismisses Amazon Wholesale Insolvency Plea: Rediff Moneynews
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition seeking insolvency proceedings against Amazon Wholesale (India), upholding an NCLT ruling. New Delhi, Nov 26 (PTI) The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order…
Insolvency plea against Amazon Wholesale dismissed again
On November 21, the National Company Law Appellate Tribunal (NCLAT) rejected an appeal from Multiplier Brand Solutions, which had challenged the National Company Law Tribunal’s (NCLT) decision to dismiss its insolvency petition against Amazon Wholesale (India). The Bench, led by Chairperson Justice Ashok Bhushan and technical members Barun Mitra and Arun Baroka, found nothing wrong…
Revamping India’s Insolvency Framework: Speeding Up Resolutions
The government is gearing up to launch an integrated platform that aims to transform the insolvency ecosystem in India by expediting resolution processes. The platform will involve all key stakeholders, thereby addressing long-standing concerns about delays in handling stressed assets since the implementation of the Insolvency and Bankruptcy Code (IBC) in 2016. Anita Shah…
Forward AM confirms filing for insolvency – VoxelMatters
Forward AM confirms filing for insolvency VoxelMatters Read the original article here
NCLAT dismisses insolvency plea against Amazon Wholesale
The company provided manpower and related services for Amazon Device Projects based on purchase orders issued between October 2022 and May 2023. Subsequently, invoices amounting to ₹3.69 crore were raised from March 2023 to May 2023, and payment approval was requested. It contended that though Amazon Wholesale confirmed that two invoices were approved but delayed due…
What’s next for Northvolt after Chapter 11 bankruptcy? – Sifted
What’s next for Northvolt after Chapter 11 bankruptcy? Sifted Read the original article here
Byju’s Faces New Probe Over Financial, Accounting Practices – BNN Bloomberg
(Bloomberg) — India has started an investigation into financing and accounting practices at Byju’s, according to people with knowledge of the matter, after a previous inspection found corporate governance lapses at the struggling online tutoring firm. The federal government has asked the regional office of the Registrar of Companies in Hyderabad to investigate Byju’s books…
Is Forward AM Insolvent? – 3Dnatives
Forward AM has been serving the entire value chain of additive manufacturing since it was founded as part of BASF. Consulting, simulation of prototypes, final processing and component testing are just as much a part of the services as the development of materials, for which Forward AM is best known. The comprehensive material portfolio includes…
Raheja Developers faces insolvency proceedings
Raheja Developers, a prominent real estate company based in Gurugram, India, has been facing insolvency proceedings in recent times. The National Company Law Tribunal (NCLT) initiated these proceedings in response to complaints filed by over 40 flat buyers who alleged delays in the delivery of their units at the Raheja Shilas project in Sector 109,…