Go First's Voluntary Insolvency, A Change In Societal Thinking – BW Businessworld

The Wadia Group is a prominent Indian conglomerate with interests in textiles, real estate, FMCG and aviation, among other sectors. The recent announcement by the group’s aviation arm, GoFirst, to undergo voluntary insolvency under the Insolvency and Bankruptcy Code (IBC) has generated significant interest in the market. It would be the first voluntary insolvency application,…

NCLT rejects IDBI Bank's insolvency plea against Zee Entertainment – Deccan Herald

 The National Company Law Tribunal (NCLT) on Friday rejected IDBI Bank’s plea seeking insolvency against media major Zee Entertainment, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). Section 10A mandates no application for initiation of corporate insolvency resolution process (CIRP) can be filed against any debtor by any…

Insolvency Decline of 15% Recorded, Yet Experts Caution That … – BusinessMole

Insolvency Decline of 15% Recorded, Yet Experts Caution That Challenges Remain – BusinessMole May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 Read the full article at: https://www.businessmole.com/insolvency-decline-of-15-recorded-yet-experts-caution-that-challenges-remain/

New details emerge on manufacturing company's collapse – Sunshine Coast News

In the wake of a national manufacturing companys collapse, its liquidator says the case is unusual and complex and compensation for customers will be a lengthy process. Mooloolabas Transportable Shade Sheds (TSS) went into liquidation on Monday, April 3, reportedly leaving hundreds of customers either without product or half-delivered orders. It had factories at Beerwah and Coolum,…

NCLAT Set Aside Insolvency Proceedings Against McLeod Russel – BQ Prime

NCLAT Set Aside Insolvency Proceedings Against McLeod Russel Business NewsNCLAT Set Aside Insolvency Proceedings Against McLeod Russel ADVERTISEMENT 17 May 2023, 4:09 PM IST 17 May 2023, 4:09 PM IST 17 May 2023, 4:09 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/business/nclat-set-aside-insolvency-proceedings-against-mcleod-russel