New Delhi: In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it. “In the appeal filed, the NCLAT,…
London Councils forecasts that boroughs’ deficits for Send provision will total £500m by the end of 2026/27 Photo by Kenny Eliason on Unsplash Almost half of London’s local authorities are at “heightened risk” of bankruptcy because of insufficient schools funding from the government, according to London Councils. The cross-party group, which acts as a representative…
[SINGAPORE] Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly wrongfully and fraudulently extracting and transferring value out of Laguna National Golf and Country Club to enrich themselves. For their alleged wrongdoing including the Kwees’ breach of fiduciary duties, Laguna National…
News Loop News June 3, 2025 11:27 AM ET Dolphin Cove operates six marine parks in Jamaica. (File photo) Dolphin Cove faces mounting uncertainty after World of Dolphins Inc, which owns nearly 80 per cent of the local marine attraction, filed for Chapter 11 bankruptcy protection in a US court on March 31. The filing follows…
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Reliance Infrastructure (R-Infra), offering the company major relief after it cleared the full outstanding amount of ₹92.68 crore owed to Dhursar Solar Power Pvt Ltd (DSPPL). The tribunal’s decision came in response to R-Infra’s appeal challenging the May 30 order by the National…
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Reliance Infrastructure (R-Infra), offering the company major relief after it cleared the full outstanding amount of ₹92.68 crore owed to Dhursar Solar Power Pvt Ltd (DSPPL). The tribunal’s decision came in response to R-Infra’s appeal challenging the May 30 order by the National…
New Delhi: In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it. On May 30, the Mumbai bench…
A breakdown of the business landscape across Australia has revealed record-high insolvencies, with things expected to get worse as we enter 2025. CreditorWatch released its November Business Risk Index, with data showing insolvencies are at “record highs in number,” up 57 per cent since November 2023. Further, the average business failure and closure rate across…
NCLAT stays insolvency proceedings against Reliance Infrastructure Deccan Herald Read the original article here
A London-based artificial intelligence company valued at $1.5 billion has filed for bankruptcy after it was revealed that its much-touted ‘neural network’ was actually a workforce of more than 700 engineers based in India. Builder.ai, backed by a reported $455 million investment from Microsoft, had claimed that its AI app-building service, ‘Natasha’, could design and…