At Home store may go bankrupt, blames tariffs – OzarksFirst.com
At Home store may go bankrupt, blames tariffs OzarksFirst.com Read the original article here
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NCLAT Overturns NCLT Forensic Audit Order for Golden Tobacco, Extends CIRP Deadline to 2025, ET LegalWorld
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 timeline…
Meyer Burger’s German Subsidiaries File for Insolvency – Microgrid Media
Meyer Burger’s German Subsidiaries File for Insolvency Microgrid Media Read the original article here
Big setback for Anil Ambani? Insolvency plea against Reliance Infrastructure admitted by NCLT – Companies
Reliance Infrastructure insolvency plea: IDBI Trusteeship Services Ltd, on behalf of the operational creditors, had submitted an application under the corporate insolvency resolution process (CIRP) against Reliance Infrastructure. The trustee company had approached the tribunal after the company defaulted on its dues of more than Rs 88 crore. Reliance Infrastructure claimed that there is no…
Hope Isn’t a Strategy: Why Insolvent Companies Must Think Beyond One Creditor – Lexology
Hope Isn’t a Strategy: Why Insolvent Companies Must Think Beyond One Creditor Lexology Read the original article here
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Reliance Infra Pays Rs 92.68 Cr, NCLT Order Void: Rediff Moneynews
Reliance Infrastructure made full payment of Rs 92.68 crore to Dhursar Solar Power, rendering the NCLT insolvency order infructuous. The company will appeal for order withdrawal. New Delhi, Jun 2 (PTI) Reliance Infrastructure on Monday said it has made the full payment of Rs 92.68 crore to Dhursar Solar Power Pvt Ltd towards claims of…
NCLAT upholds insolvency proceedings against Jaypee Cement Corp
The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it did not…
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