The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by Industrial and Commercial Bank of China (ICBC) and upheld the order of the National Company Law Tribunal (NCLT), Mumbai Bench, directing the bank to release a fixed deposit of ₹27.60 crore belonging to Reliance Communication Infrastructure Ltd. (RCIL).…
An investor and alleged creditor in Ecsponent, the financially distressed, previously JSE-listed specialist financial services company now named Afristrat Investment Holdings, has thrown a spanner in the works of the company’s planned voluntary liquidation. Pretoria pensioner Mariana de Bruin has applied to intervene and become a respondent in Afristrat’s voluntary liquidation application, resulting in the…
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Creditors owed over $26m in Melb-based packaging giant bust Herald Sun Read the original article here
Meet Your ETF AI Analyst Excelsior Capital Limited ( (AU:ECL) ) has shared an announcement. Excelsior Capital Limited has reached an agreement with London City Equities Limited to withdraw its legal action in the Federal Court of Australia. As part of the agreement, Excelsior will undergo a company-managed liquidation process, which includes asset realization, liability…
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