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New Delhi, Jun 4 (PTI) In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it. “In the appeal…
In a significant relief for Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings initiated against the company.In a regulatory filing, Reliance Infrastructure confirmed that the appellate tribunal has suspended the earlier order passed by the National Company Law Tribunal (NCLT), Mumbai, reported PTI.“In the appeal filed, the NCLAT,…
Liberty Steel’s operations in South Yorkshire lost £340m in four years, according to figures that shine a light on the difficulties facing a business on the brink of liquidation that employs 1,450 people. The company, owned by the metals magnate Sanjeev Gupta, is desperately searching for investors or lenders before a 16 July deadline, after…
Establishing a company in Serbia is relatively easy and straightforward, but closing it, according to claims from entrepreneurs as well as legal experts, is a “Sisyphean task.” One of the basic conditions for dissolving a firm is that the owner must first settle all obligations to the state. To do this, numerous procedures must be…
TeleChoice Completes Liquidation of Dormant Subsidiary TipRanks Read the original article here
In a major relief to Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday suspended the National Company Law Tribunal’s (NCLT) order that had admitted the company into the Corporate Insolvency Resolution Process (CIRP). Shares of the Anil Ambani-owned company skyrocketed, trading at Rs 378.35 apiece on the BSE up 10.64 per cent…
In a rare move, the South Australian government has thrown a financial lifeline to dairy farmers left millions of dollars out of pocket by the collapse of a major milk processor. The state is providing a $3 million fund for dairy farmers owed money after the collapse of South Australian processor Beston Global Food, which…
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Philly Shipyard ASA Announces Liquidation Dividend TipRanks Read the original article here