Liquidators consider value of chasing ‘very large’ debtors – The Press
Liquidators consider value of chasing ‘very large’ debtors The Press Read the original article here
Iconic vodka maker in Chapter 11 bankruptcy faces liquidation – MSN
Iconic vodka maker in Chapter 11 bankruptcy faces liquidation MSN Read the original article here
Bank of Baroda Tops Bids for Jet Airways’ Prime BKC Office; Brookfield May Still Step In – BW Legal World
Bank of Baroda Tops Bids for Jet Airways’ Prime BKC Office; Brookfield May Still Step In BW Legal World Read the original article here
Hemadri Cements to consider voluntary liquidation
The Board of Andhra Pradesh-based Hemadri Cements is likely to consider viability of operations and examine the proposal for Voluntary Liquidation of the Company under Section 59 of the Insolvency and Bankruptcy Code, 2016, in a meeting of Board of Directors to be held on 18 June 2025, the company informed the exchanges on 14…
All Are Welcome closing bakeries in Northcote, Thornbury, Ivanhoe
All Are Welcome – renowned for its sourdough and pastries – is closing its doors after going into liquidation, leaving questions about unpaid entitlements for dozens of staff. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to…
NCLT directs insolvency resolution proceedings against Gensol Engineering and arm Gensol EV Lease
The National Company Law Tribunal (NCLT) admitted Gensol Engineering Ltd. and its arm Gensol EV Lease Ltd for insolvency resolution following separate petitions filed by Indian Renewable Energy Development Agency Ltd. (IREDA). However, NCLT appointed an alternative interim resolution professional (IRP) for both the companies, while rejecting the name proposed by IREDA. On May 14, State-run IREDA had filed an…
Burger chain eyes Christchurch, despite owner having 10 companies in liquidation – The Press
Burger chain eyes Christchurch, despite owner having 10 companies in liquidation The Press Read the original article here
Insolvency professional takes charge at JCT Ltd as workers’ hope renewed
In a significant development in the corporate insolvency proceedings of Jagatjit Cotton Textile Mills (JCT) Ltd, Insolvency professional Hasti Mal Kachhara officially assumed charge of the company’s affairs on Friday at its Phagwara premises. Appointed by the National Company Law Tribunal (NCLT), Mr. Kachhara arrived with his resolution team, marking the formal start of efforts…
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP – Deccan Herald
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP Deccan Herald Read the original article here
NCLT admits insolvency plea against Gensol Engineering
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted an insolvency petition against Gensol Engineering Limited filed by state-owned lender Indian Renewable Energy Development Agency Limited (IREDA). The petition cites a massive default of ₹510.10 Crore on loan facilities extended for various solar and electric vehicle (EV) projects. Key Findings of the Tribunal Proven Debt & Default: The NCLT Bench,…