NCLT Reverses Insolvency Proceedings Against Logix Infra – BW Businessworld
NCLT Reverses Insolvency Proceedings Against Logix Infra BW Businessworld Read the original article here
Meet man whose business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was…
Home Business Meet man whose business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was… Nusli Wadia, born in 1944 into the esteemed Wadia family, carries forward a significant heritage of business acumen and creativity. Meet man whose business went bankrupt, net worth is still Rs 43894 crore, his name…
NCLT recalls insolvency order against Logix Infra, cites ‘fraudulent and mala fide’ intentions
In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide intentions” and a collusive petition was filed by the financial creditor. NCLT said “there is a nexus and connection” between its…
Meet man who business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was…
Home Business Meet man who business went bankrupt, net worth is still Rs 43894 crore, his name is…, business was… Nusli Wadia, born in 1944 into the esteemed Wadia family, carries forward a significant heritage of business acumen and creativity. Meet man who business went bankrupt, net worth is still Rs 43894 crore, his name…
(PDF) Preliminary Report to the UK Insolvency Service into Outcomes in Company Voluntary Arrangements – ResearchGate
(PDF) Preliminary Report to the UK Insolvency Service into Outcomes in Company Voluntary Arrangements ResearchGate Read the original article here
Subordination without borders? German court refers matter to the ECJ for clarification – Taylor Wessing
Subordination without borders? German court refers matter to the ECJ for clarification Taylor Wessing Read the original article here
IBC Monthly Digest: January 2025
Adroit Pharmaceuticals Pvt. Ltd. Through Its Director Sanjay Kukreja Vs. Amit Poddar Resolution Professional & Ors., Company Appeal (AT) (Insolvency) No. 1274 of 2024 Super Floorings Pvt. Ltd. Vs. Napin Impex Ltd., Company Appeal (AT) (Insolvency) No. 1928 of 2024 & I.A. No.7115 of 2024 Mr. Tajinder Singh Bhathal vs. MRF Limited & Ors., Company…
14 Iconic Retailers That Fell Into Pandemic Bankruptcy
| COVID-19 did not create the so-called retail apocalypse. More than 9,300 U.S. stores closed in 2019, and over 5,800 did the year before that, according to tracking by Coresight Research. A timeline by business analytics firm CB Insights dates the apocalypse to at least 2015. But the pandemic has been its most swiftly destructive horseman. Following years…
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors – MSN
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors MSN Read the original article here
M&E specialist J S Wright files administration notice
Both firms operate out of headquarters in Birmingham and offices in Bristol and London employing around 160 staff. The business switched to employee ownership in October 2021 but subsequently has struggled with rampant cost inflation and project delays as well as a broader slowdown in the market. This impacted liquidity with…