Auckland Mayor Wayne Brown’s chief of staff is being moved aside after a council inquiry found he should have alerted Brown and officials to his personal company going into liquidation owing IRD $560,000 in GST. From Tuesday, Jazz Singh will move temporarily to project work in the council chief of staff’s office to continue some…
Indian e-cab provider BluSmart enters insolvency amid corporate governance challenges Reuters Read the original article here
BluSmart Insolvency News: Electric Cab Firm Faces Proceedings Amid Fund Misuse Allegations Deccan Herald Read the original article here
The Enforcement Directorate (ED) has launched search operations at over 35 premises linked to companies and executives associated with Anil Ambani’s Reliance Group in connection with a suspected Rs 3,000 crore loan fraud and money laundering case. Reliance Power and Reliance Infrastructure issued a statement and said the ED raids relate to old cases involving…
The Ahmedabad bench of the National Company Law Tribunal (NCLT) on July 29, 2025 admitted BluSmart Mobility, the Gurugram‑based electric ride‑hailing start‑up, into corporate insolvency proceedings, Economic Times reported. The decision follows a petition by Catalyst Trusteeship, which alleged that BluSmart had defaulted on bond repayments totalling Rs 1.28 crore. Read the original article here
BluSmart enters insolvency proceedings amid corporate governance challenges TradingView Read the original article here
BluSmart enters insolvency proceedings amid corporate governance challenges Reuters Read the original article here
The Firm advised and represented the committee of creditors (“CoC”) of Vidarbha Industries Power Limited (“Corporate Debtor”) during the corporate insolvency resolution process (“CIRP”) of the Corporate Debtor under the provisions of the Insolvency and Bankruptcy Code, 2016, as amended (“Code”). The CoC comprised of CFM Asset Reconstruction Private Limited and Pallas Holdings Limited. The…
Bank Can Classify Corporate Debtor’s Account As Fraud During CIRP, Such Classification Is Not Hit By S.14 … Live Law Read the original article here
The Insolvency and Bankruptcy Code (IBC), since its enactment, has undergone six legislative amendments aimed at strengthening the insolvency framework and enhancing procedural efficiency in line with evolving market dynamics. This information was provided by the Minister of State in the Ministry of Corporate Affairs, Harsh Malhotra, in response to an Unstarred Question in the…