In a recent ruling, the National Company Law Tribunal (NCLT), Ahmedabad Bench, allowed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process (CIRP) against Sumarrow Impex LLP based on a petition filed by the US-based financial creditor, Drip Capital Inc. The application was filed by Drip…
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In a recent ruling, the National Company Law Tribunal (NCLT), Chennai Division Bench, admitted a Section 7 application filed by Punjab National Bank against Aban Offshore Ltd., initiating the Corporate Insolvency Resolution Process (CIRP) for a default of over Rs. 1062 crore. The application stemmed from a debt dating back to 2017. Aban Offshore, the…
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Jobs lost as premium ice cream supplier enters liquidation TheBusinessDesk.com Read the original article here
Cian Healthcare’s Committee of Creditors Approves Resolution Plan Modifications scanx.trade Read the original article here
Hexaware Technologies Completes Voluntary Liquidation of Stepdown Subsidiary scanx.trade Read the original article here
Restructuring experts urge Reeves to avoid hiking corporate costs further By THIS IS MONEY Updated: 22:33 AEDT, 17 October 2025 The Chancellor must avoid piling further pressure on British businesses at her upcoming Budget after another 2,000 firms went bust last month, restructuring experts have warned. A sharp rise in labour costs, stubbornly high inflation…
French Artificial-Heart Pioneer Carmat Faces Liquidation Medscape Read the original article here