Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/agi-greenpac-bid-for-hindustan-national-glass-unsustainable-supreme-court-125012901457_1.html” on this server. Reference #18.3d9c3e17.1738162666.32d7fb7 https://errors.edgesuite.net/18.3d9c3e17.1738162666.32d7fb7 Read the original article here
Somerset Council could go bankrupt without sharp council tax rise Somerset Live Read the original article here
Meanwhile, both Adani Port and JSW Infrastructure have been spreading their businesses through acquisitions. Last year, JSW Infrastructure acquired a 70.37% shareholding in Mumbai-based Navkar Corporation for around Rs 1,012 crore, marking its entry into the logistics sector. Meanwhile, Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, bought a majority stake…
NCLT orders removal of Byju’s IRP, reinstates Aditya Birla Finance as financial creditor MSN Read the original article here
One of Britain’s biggest luxury boat manufacturers has collapsed into administration less than two months after it was sold to new investors. Sky News has learnt that Fairline Yachts, which is based in Oundle, Northamptonshire, had fallen into insolvency proceedings after DF Capital, the company’s main lender, triggered the appointment of Alvarez & Marsal (A&M)…
The National Company Law Tribunal (NCLT) on Wednesday ordered the removal of Bjyu’s interim resolution professional (IRP). The insolvency court also directed the Insolvency and Bankruptcy Board of India (IBBI) to take disciplinary action against the IRP and disband the committee of creditors (CoC) constituted by the IRP. The NCLT’s Bengaluru bench passed the order…
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Meanwhile, the BCCI argued that their application under Section 12A of the Insolvency and Bankruptcy Code (IBC) for withdrawal of the proceedings, must be heard first. It contended that if the application for withdrawal were to be allowed, the other pleas filed by the creditors would not stand. In other words, the BCCI has contended…
AGI Greenpac Ltd.’s resolution plan for the acquisition of insolvent Hindustan National Glass Ltd. is unsustainable and has to be set aside, the Supreme Court has held. A three-judge bench of the top court comprising Justices Hrishikesh Roy, Sudhanshu Dhulia, and S.V.N Bhatti stated that any action that may have been taken after the resolution…
Walsall-based chartered surveying company Kumar and Company is handling around 17 insolvency auctions in the wake of company failures over recent weeks and months, across a broad range of business sectors, they say. The firm acts for insolvency practitioners, local authorities and private businesses across the UK. Most recently the company says the liquidation of…