TEMPO.CO, Jakarta – The Sritex bankruptcy liquidators could not work properly to recover loans owed to creditors. There were threats from senior police officers. THE protracted bankruptcy proceedings of Sri Rejeki Isman, or Sritex, a company with 50,000 employees, are the result of government interference. The plan to save the integrated textile company through a…
Satellite internet provider Brdy, which offered a mix of satellite and wireless (5G) broadband solutions to rural parts of the UK, appears to be in difficulty after customers of the service started reporting a lack of support and connection problems. Shortly after that, the same users noted how their accounts had been taken over by…
Elon Musk ‘warns’ at Donald Trump’s cabinet meeting: America will go bankrupt, if we don’t … The Times of India Read the original article here
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain. A two-member NCLAT bench of Chennai bench comprising justices Sharad Kumar Sharma and Jatindranath Swain set aside an earlier order passed by the Bengaluru bench of…
A Bristol-based debt recovery company which collected debts for businesses and individuals but failed to forward on all the money has been shut down. Encore Capital Group Inc Ltd, which traded as Encore Debt Recovery, cold-called businesses and individuals offering to recover commercial and consumer debts in return for an up-front fee or a percentage…
KATIE PRICE is flogging her notorious £140,000 Barbie pink Range Rover for just £5k amid her money woes. The former glamour model, 46, who was declared bankrupt for a second time in March last year, had her Range Rover Sport appear online with a renowned car auctioneer. 4 Katie Price’s famous pink Range Rover is…
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National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday (February 27, 2025) set aside the insolvency proceedings against Coffee Day Enterprises Limited, which runs Cafe Coffee Day chain. NCLAT, which earlier reserved its order, pronounced the ruling on Thursday (February 27, 2025) and the detailed order copy is awaited. In a stock exchange announcement, the…
The National Company Law Appellate Tribunal (NCLAT) has set aside an earlier order of the National Company Law Tribunal (NCLT) that had admitted Coffee Day Enterprises Ltd (CDEL), the parent company of Café Coffee Day, into the corporate insolvency resolution process (CIRP). A bench comprising Judicial Member Justice Sharad Kumar Sharma and Technical Member Jatindranath…
Coffee Day Enterprises Wins Appeal Against Insolvency Proceedings TipRanks Read the original article here