Su Zhu-backed Ox.Fun dismisses insolvency claims amid JefeDAO feud – The Block
Su Zhu-backed Ox.Fun dismisses insolvency claims amid JefeDAO feud The Block Read the original article here
Companies News Today Live Updates on February 24, 2025: Byju’s insolvency: NCLT approves new resolution professional
Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business…
Insect protein startup Ÿnsect files for insolvency – Sifted
Insect protein startup Ÿnsect files for insolvency Sifted Read the original article here
Florida insurance companies steered money to investors while claiming losses, study says
TALLAHASSEE — While Florida insurers claimed to be losing money in the wake of hurricanes Irma and Michael, their parent companies and affiliates were making billions of dollars, according to a study obtained by the Times/Herald. The start of the state’s insurance market meltdown came on the heels of those two storms between 2017 and…
Byju’s insolvency: NCLT approves new resolution professional
Embattled ed-tech firm Byju’s has a new navigator for its bankruptcy proceedings. On Monday, the Bengaluru insolvency court approved the appointment of Shailendra Ajmera as the resolution professional (RP), replacing Pankaj Shrivastava. This follows a January order by the National Company Law Tribunal (NCLT), which questioned Shrivastava’s ability to oversee the process. The tribunal also…
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Metal Foundry Business Survives KTM Insolvency Issues
Metal foundry company, Vocklabrucker Metallgießerei GmbH (VMG), which has been around for nearly seven decades was bought by KTM last year but looked set to close due to the Austrian firm’s insolvency. That was before another metalworking company came to the rescue. KTM took over 100 per cent of the company in late 2024 but…
Insolvency Proceedings Against Coffee Day Resume As NCLAT Misses Deadline For Order
“Since the appeal has not been disposed of until Feb. 21, 2025, as per the instruction of the Supreme Court, the order passed by NCLAT regarding the stay on the CIRP of the Corporate Debtor stands vacated. Therefore, the CIRP of the Corporate Debtor recommences/resumes and the powers of the IRP are hereby reinstated with…
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
New Delhi : Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited. The power firm was selected as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of Vidarbha Industries Power Ltd. The Committee of Creditors approved Adani Power’s resolution plan,…
Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
New Delhi, Feb 24 (PTI) Insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court. Last week, the Chennai bench of the National Company Law Appellate Tribunal…