The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a petition against Prime Focus Limited under Section 7 of the Insolvency and Bankruptcy Code over an alleged financial debt of ₹353.79 crore, according to a company filing. The petition was filed by Reliance Alpha Services Private Limited, which has claimed the debt, including interest,…
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Jaiprakash Associates Discloses Loan Default for April 2026 with Outstanding Borrowings of INR 55,357.39 Crores scanx.trade Read the original article here
VanMoof declared bankrupt – e-bikes remain functional for now but repairs will not be carried out – Cycling News | electric bike reviews, buying advice and news – ebiketips Skip to content Read the original article here
A director of two companies which supported a scheme allowing business owners to keep their assets while dropping their debts has been disqualified. Suzanne Harley-Davies failed to exercise control of the affairs of Namare GRP Ltd and TPG GRP Limited during 2023 and 2024. She also failed to ensure that the companies operated for legitimate corporate…
Time Is Still the Enemy: NCLT Capacity and the Unfinished Business of Insolvency Reform BW Legal World Read the original article here
The same applies to Morrow Technologies AS and Morrow Industrialization Center AS, the company states in a press release. Morrow’s battery factory in Arendal, Norway, opened in August 2024. Chairwoman Ann Christin Andersen says that the company’s journey proved far more challenging than expected. Efforts were made to secure funding, but these were unsuccessful. “We…
Four-year ban for company director following Insolvency Service investigations TheBusinessDesk.com Read the original article here
A UK construction contractor that has been operating for more than a decade has fallen into administration. Calvert Construction Limited, which specialises in commercial building projects across the retail, industrial, demolition and civil engineering sectors, formally entered administration following an appointment of administrators made on Friday, May 1, according to The London Gazette. The appointment…
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