The National Company Law Tribunal (NCLT), Allahabad Bench, has approved the resolution plan submitted by Poly Medicure Limited for Himalayan Mineral Waters Private Limited, bringing the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor to a close. The successful plan proposes a total resolution amount of ₹33.15 Crores to take over the company. The resolution plan & distribution The…
Huge update for struggling Aussie airline News.com.au Read the original article here
Sonder’s hotel at 3354 Larimer St. on Nov. 10, 2025. (Thomas Gounley/BusinessDen) The collapse of hotel operator Sonder means its Denver landlords need to come up with a new plan. “We’re obviously still adjusting to all this,” said Dan Huml. Huml’s Denver-based firm Magnetic Capital developed a three-story building in RiNo specifically for Sonder in…
Construction firms now have less than seven days to appoint a new registered building control approver (RBCA), following the liquidation of the companies on 6 November, which had given them a seven-day window to approve their projects. If they fail to appoint a new RBCA within this critical timeframe, under the Building Act, oversight of…
Shree Rajasthan Syntex Reports Q2 Results Post Insolvency Resolution, Auditors Flag Going Concern Uncertainty scanx.trade Read the original article here
Sonder announces bankruptcy plans; tells guests to vacate hotel rooms: ‘People were scrambling’ MSN Read the original article here
The Really Local Group announced on Friday (November 7) that its company had been forced into liquidation after eight years. Liquidation is when a company shuts down and sells its assets to repay its debts. The Really Local Group ran two cinemas in south London – Throwley Yard in Sutton, which opened in September 2024…
The Really Local Group announced on Friday (November 7) that its company had been forced into liquidation after eight years. Liquidation is when a company shuts down and sells its assets to repay its debts. The Really Local Group ran two cinemas in south London – Throwley Yard in Sutton, which opened in September 2024…
Mid-course correction financialexpress.com Read the original article here
Paytm Drags WinZO to the Bankruptcy Court. Another huge court case is about to take place in the technological and the gaming industry in India where fintech giant Paytm has petitioned the court over insolvency against the popular online gaming platform WinZO. This case now pending in New Delhi before the bench of the National…