Independent Sugar Corporation (INSCO), of the Uganda-based Madhvani Group said it has received a favourable order from the Supreme Court of India, clearing its path to acquire Hindusthan National Glass & Industries (HNG) through the Insolvency & Bankruptcy Code (IBC) process. The Supreme Court ruling has resolved a long-standing corporate dispute, allowing INSCO to establish presence in…
This week, Melbourne’s Burnley Brewing has announced that it has entered into liquidation, marking a continuation of a now well-established trend that has seen more than 20 breweries enter into either voluntary administration or liquidation over the past year alone. According to an update published to ASIC, “notice is given that at a general meeting…
Reliance Big Creditors Get Just Rs3.5 Crore Out of Rs483 Crore Debt as NCLT Approves Resolution Plan Moneylife Read the original article here
Genesis interested in buying SolarZero, but there are caveats BusinessDesk Read the original article here
The National Company Law Tribunal (NCLT) has admitted the application for commencement of corporate insolvency resolution process against AVIOM India Housing Finance. Company Value Change %Change On January 27, the Reserve Bank had superseded the board of AVIOM owing to governance concerns and defaults in meeting various payment obligations, and appointed Ram Kumar, ex-CGM of…
Massive ‘liquidation sale’ as shoppers flock to Galway business Galway Beo Read the original article here
Shuang Yun Holdings Faces Liquidation and Potential Delisting TipRanks Read the original article here
Bankruptcy trustee for B.C.-based Epicure has sold $4.2M of products – Business News Castanet.net Read the original article here
The receivers appointment on 19 February occurred alongside FSG’s board resolving to appoint Barry Wright and Daniel Juratowitch of Cor Cordis as voluntary administrators. Control of the group now rests with the receivers who intend to continue to trade on a business-as-usual basis while pursuing sale options or a recapitalisation through the voluntary administration process. …
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