At the same time, CDEL’s subsidiary Coffee Day Global was battling another insolvency petition by IndusInd Bank over an alleged ₹94 crore default. On July 20, 2024, the NCLT admitted Coffee Day Global to insolvency and appointed Shailendra Ajmera as the interim resolution professional to run the company’s operations. However, this was later amicably settled…
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Australia is witnessing a significant rise in business insolvencies, (opens a new window) which has important ramifications for directors and officers (D&O) and the financial lines insurance sector. This increase highlights the vulnerabilities present in the corporate landscape and emphasises the urgent need for robust D&O insurance policies to help safeguard business leaders against potential…
The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Café Coffee Day (CCD), dismissing a bankruptcy plea filed by IDBI Trusteeship over an alleged ₹228 crore default. The ruling came in response to a petition by Malavika Hegde, a shareholder and…
By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto… Read the original article here
CPR Land Rights Initiative invites you to a talk onBailing Businesses, Boosting Banks: Understanding the Evolution of Insolvency and Bankruptcy Law in India Friday, 28th February 2025, 3:30 PM – 5:00 PM IST Speaker:Ms. Misha, Partner, Shardul Amarchand Mangaldas & Co. Moderator:Dr. Namita Wahi, Senior Fellow, CPR & Founding Director, Land Rights Initiative This is the ninth in…
Elon Musk warns Trump Cabinet: ‘America will go bankrupt’ The Daily News Online Read the original article here
When the owner of Petersham Nurseries was forced to close two London restaurants and a deli in February, the chain blamed several factors, from rising costs to Brexit, but also Rachel Reeves’ November budget. Petersham (UK) Limited, which is owned by the Boglione family behind the Petersham Nurseries garden centre in Richmond, will not be…
Company collapses in Western Australia have surged 24 per cent, with more than 1200 businesses plunging into insolvency in 2024. 9News Perth and WAtoday can reveal new figures from the Australian Securities and Investments Commission, analysed and provided by WA Senator Dean Smith, which showed construction and hospitality companies were among the hardest hit. Construction…
Firm wants Football Kenya Federation declared insolvent over Sh35.7m debt Nation Read the original article here