The National Company Law Appellate Tribunal (NCLAT) New Delhi bench comprising Justice Rakesh Kumar Jain (Judicial Member) and Mr. Naresh Salecha (Technical Member) has observed that the assets of a subsidiary company cannot be treated as part of the assets of its holding company in a Corporate Insolvency Resolution Process (CIRP). The Tribunal held that…
A diverse group of companies including Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks and Transindia Real Estate Ltd have shown interest in acquiring listed supply chain and logistics infrastructure firm Arshiya Ltd, which is undergoing a corporate insolvency resolution process. Investors such as Authum Investment & Infrastructure Ltd, Dickey Alternative Investment…
Markham-based Krieger & Company Inc. has been appointed as trustee of the estate for the Aurora chocolatier renowned for its distinctive buttercrunch treat One Chocolate Corporation, the owners of iconic Aurora chocolatier Fraktals, has declared bankruptcy. A notice posted on the door of its retail location on Industrial Parkway South said that One Chocolate Corporation made…
San Antonio’s Zachry Holdings eyes exiting bankruptcy by the end of March San Antonio Express-News Read the original article here
Project, which went into the insolvency process more than a year ago, is planned to be operational in time for mandatory food waste collections by Luke Walsh Read the original article here
Bentley was all set to go bankrupt but one man saves it by buying…, he is from a small country named… India.com Read the original article here
Richard Balfour-Lynn, the property magnate and founder of Balfour Winery, has been declared bankrupt, according to The Times, following his failure to pay millions in compensation to shareholders impacted by the collapse of MWB Group, the former parent company of luxury retailer Liberty. At the heart of the case is MWB Group, the holding company…
Gov’t to go bankrupt, Filipinos to go hungrier Philstar.com Read the original article here
The listed owner of law firm Rosenblatt is headed towards administration after rescue talks collapsed, the company admitted today. RBG Holdings had been in discussions with its founder and biggest shareholder Ian Rosenblatt and one other party about securing a solution for the company, embroiled in a boardroom dispute. But in a statement to the…
True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter…