The National Company Law Appellate Tribunal (NCLAT) Chennai Bench of Justice Sharad Kumar Sharma (Judicial Member) and Mr. Jatindranath Swain (Technical Member) has held that the default falling in pre-section 10A period cannot be said to be continued when some payments towards the acknowledgement of debt accumulating during the prohibited period is made. Brief Facts:…
New Delhi, Feb 24 (IANS) 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…
The Insolvency and Bankruptcy Board of India is finalizing a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may be extended. Bloomberg Last Updated : 25 February 2025, 11:01 IST Follow Us : Comments Read the original article here
Envictus Completes Liquidation of Subsidiary TipRanks Read the original article here
Iconic bankrupt retailer closes all 800 stores in liquidation MSN Read the original article here
In nine months through December, it took 821 days on average for the courts to approve a resolution plan. That’s 35 per cent longer than in the fiscal year ended March 2023, according to IBBI data. Meanwhile, investors on average recovered about 28 per cent during the financial year ended March 2024, down from 46…
By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto… Read the original article here
The Irish branch of fashion retailer New Look is going into liquidation, with an expected loss of around 350 jobs across 26 store closures. The High Court in Ireland approved the appointment of provisional liquidators on Thursday as New Look seeks to wind down its Irish operations following several years of “sustained losses and challenging…
Iconic bankrupt retailer closes all 800 stores in liquidation MSN Read the original article here
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