With Sheffield Wednesday set to be served with a winding-up petition over money owed to HMRC, fans are left wondering what happens next? Could the club actually go out of business? Is administration more likely? In terms of the immediate threat of liquidation, there are some things to consider. There is a new football regulator…
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A former director of Gstaad Hotels Pvt. Ltd, which previously owned the JW Marriott Hotel in Bengaluru, has moved the Supreme Court challenging an appellate tribunal’s order that upheld insolvency proceedings against the hospitality firm. Mint has seen a copy of the petition filed by Deepak Raheja. The National Company Law Tribunal (NCLT) in July…
More corporate bankruptcies expected in 2025: challenges and developments in distressed M&A Kearney Read the original article here
Directors play a pivotal role in corporate governance, as fiduciaries entrusted with the management and affairs of the company. Under financial distress the law obliges directors to take their accountability towards shareholders, creditors and regulatory authorities. Their duty encompasses broadly as statutory and fiduciary in nature. The multi-faceted role is scrutinized in cases such as…
NEW DELHI: The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company that was providing all-electric ride-hailing services and building a network of EV charging infrastructure in India. The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and Research against Blu-Smart…
The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a network of EV charging infrastructure in India. The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and Research against Blu-Smart Mobility over…
Large corporate bankruptcy filings increase for third consecutive year as out-of-court restructurings through liability management transactions reach record highs. The elevated pace of large corporate bankruptcy filings that began in early 2023 continued through the latter half of 2024 and into the first half of 2025, according to a new report from Cornerstone Research. The…
NCLT Admits Blu-Smart Mobility Tech Into Insolvency Over Rs 5.84 Crore Default BW Legal World Read the original article here
Tata Power EV Charging’s Insolvency Plea Against Cab-Eez Infra Admitted by NCLT Mumbai BW Legal World Read the original article here