Ericsson’s Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing in September. The Swedish telecoms equipment maker, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide network,…
NEW DELHI: Ultra Homes -an Amrapali Group company -has gone in for insolvency resolution.Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed Sanjay…
After the bench of the National Company Law Tribunal (NCLT) declared Amrapali and Jaypee as insolvent companies, the plight of home buyers, who are struggling for possession, has worsened. This insolvency declaration, among other things, has made Greater Noida Authority powerless in terms of intervention (from the home buyers side). Now, Greater Noida Authority has…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
NEW DELHI: Ultra Homes -an Amrapali Group company -has gone in for insolvency resolution.Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed Sanjay…
Written by Khushboo Narayan | Mumbai | Published:October 6, 2017 1:25 am Tech Mahindra and the three ADAG firms had signed a two-year service agreement in 2015. Tech Mahindra Ltd, one of Indias leading software services firms, has dragged three Reliance Anil Dhirubhai Ambani Group (ADAG) firms to the National Company Law Tribunal (NCLT) under…
Updated: October 6, 2017 1:04 am The entire IBC process is time-bound. On admission of the CIRP application by NCLT, a resolution professional is appointed for conducting the process and the proposed resolution plan is approved by a CoC. The Insolvency and Bankruptcy Code 2016 (IBC) has been hailed as a landmark legislation by the…
New Delhi: Ultra Homes an Amrapali Group company has gone in for insolvency resolution. Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed…
By Ann O’Loughlin A debtor cannot seek a court review of a rejection of their proposed personal insolvency arrangement because the law requires any such review must be applied for by their Personal Insolvency Practitioner, the High Court has ruled. Ms Justice Marie Baker’s findings have implications for hundreds of cases which stand adjourned pending…