200 jobs lost, clients left waiting as national truck company goes bust – The Australian
200 jobs lost, clients left waiting as national truck company goes bust The Australian Read the original article here
200 jobs lost, clients left waiting as national truck company goes bust The Australian Read the original article here
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In a significant judgement addressing the limitation framework under the Insolvency and Bankruptcy Code, 2016, the National Company Law Appellate Tribunal (NCLAT), New Delhi Bench, upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Extol Industries Ltd. under Section 7 of the IBC. The Ld. Tribunal clarified that when a financial liability is repeatedly…
In a major setback for Anil Ambani, the former director of Reliance Communications Ltd (RCOM), the State Bank of India (SBI) has classified the company’s loan account as “fraud.” The bank is now gearing up to report Ambani’s name to the Reserve Bank of India (RBI), stirring fresh controversy around the telecom giant’s financial dealings.…
The one Reliance company that failed MSN Read the original article here
A report to Norwich City Council’s cabinet blames changes to the housing market and economy for making its housing arm, Lion Homes, unviable. The company, which is wholly owned by the council, was founded as Norwich Regeneration Limited in 2015 in the hopes of delivering more affordable housing and an additional income stream for the council. However, the…
NCLT Clears Adani Properties’ Bid for HDIL Assets Worth Over Rs. 2,000 Crore Goodreturns Read the original article here
Potential ‘offences’ found by liquidator of recruitment company owing $2.9m The Press Read the original article here
[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of Singapore, they said in a statement dated Monday (Jun 30). The lawsuit, brought by court-appointed liquidators Angela Barkhouse and Toni Shukla, seeks to hold StanChart accountable…