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Minutes from extraordinary general meeting — TradingView News

An extraordinary general meeting of Philly Shipyard ASA (under liquidation)(the”Company”) was held today as a digital meeting with online participation. Allresolutions were made in accordance with the proposals set out in the meetingnotice. The Company intends to submit an application for the delisting of its sharesfrom Euronext Expand shortly. Subject to and following Euronext Oslo…

Essel Group drags Kotak AMC to insolvency court over ‘failure and neglect’ to honour contractual obligations

An Essel Group company, Konti Infrapower and Multiventures, has moved the National Company Law Tribunal (NCLT) against Kotak Asset Management Company (AMC) over the fund house’s failure to honour certain contractual obligations. Claiming dues to the tune of Rs 12.99 crore, the Essel Group entity has stated that Kotak AMC, as a corporate debtor, is…

Liquidation of Corporate Debtor can be initiated When Successful Resolution Applicant Fails to Obtain Approvals Within One Year: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that when a successful resolution applicant fails to obtain necessary approvals within one year from the date of approval of the resolution plan, liquidation of the corporate debtor can be initiated. A Successful Resolution Applicant (SRA), the appellant, Taguda Pte Ltd.has filed a…

NCLAT Sets Aside Status Quo Order in TIIPL Voluntary Liquidation; Affirms Shareholders’ Right to Replace Liquidator [Read Order]

The National Company Law Appellate Tribunal (NCLAT) has set aside a status quo order issued by the Adjudicating Authority, allowing the shareholders and directors of Transmissions International India Private Limited (TIIPL) to proceed with the replacement of the erstwhile liquidator, Chandra Prakash Chandra Prakash Jain, with a new appointee, Arun Gupta. The appeal was filed…