Karvy Digikonnect faces insolvency resolution for unpaid dues

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Karvy Digikonnect Ltd, a Hyderabad-based services company, has invited bids from prospective resolution applicants after the National Company Law Tribunal (NCLT), New Delhi, admitted insolvency proceedings against the company over unpaid dues to a technology services provider dating back to 2019. The company is now seeking a buyer or investor under the corporate insolvency resolution…

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ACFS secures landlord assurances amid $12.2m rent arrears

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Tzaneros also moved to address concerns about rental payments at other ACFS facilities. Image: Daimler Truck Australia Pacific ACFS Port Logistics says it has secured assurances from a major landlord that operations at its sites will not be impeded during the company’s administration. Managing Director and CEO Arthur Tzaneros issued the update today, August 13,…

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