NOIDA: The national company law tribunal (NCLT) has terminated the ongoing corporate insolvency resolution process (CIRP) against the realty firm – Logix Infrastructure private limited – that was facing the proceedings since 2023. The February 6 order also termed all decisions taken by resolution professional Pawan Kumar Goyal after his appointment as “null and void”.…
ASIC released their latest insolvency statistics earlier this week and the results are concerning. A company becomes insolvent when they can’t pay their debts when those debts become due for repayment. When this happens it’s common for an external administrator to be appointed who will then take control of the business and attempt to maximise…
‘Made producer sell Benz car and go bankrupt’ ; Production controller opens up Kerala Kaumudi Read the original article here
NCLT Reverses Insolvency Proceedings Against Logix Infra BW Businessworld Read the original article here
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…
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…
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 Read the original article here
Subordination without borders? German court refers matter to the ECJ for clarification Taylor Wessing Read the original article here
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…