The petition was filed by the Union Bank of India before the NCLT, Mumbai Bench-Court III, seeking initiation of bankruptcy proceedings under section 123 of the IBC, 2016. The respondent, Mr. Kapil Wadhawan, acted as the personal guarantor of the DHFL, a corporate debtor that had undergone the corporate insolvency. The petitioner extended various credit…
Liquidators have been appointed for Ardgour Valley Orchards, near Tarras, but information is scant on what exactly is happening. An advertisement in the Otago Daily Times last week said liquidators had been appointed for Ardgour Valley Orchards GP and Ardgour Valley Orchards LP. The liquidation decision was made by the special resolution of the shareholders on August…
Meanwhile, the government, on Aug. 12, introduced a bill in the Lok Sabha to amend the IBC, proposing a raft of changes, including provisions to reduce the time taken for admission of insolvency resolution applications, an out-of-court mechanism to address genuine business failures, as well as group and cross-border insolvency frameworks. Read the original article…
Justice Sharad Kumar Sharma, the judicial member of the NCLAT, has recused himself from hearing the matter. Photo: nclat.nic.in In a rare incident, a judicial member of the National Company Law Appellate Tribunal (NCLAT) has alleged being “approached by one of the most revered members of the higher judiciary”, seeking an order in favour of…
Once World’s Largest Developer, Evergrande Liquidation Marks New Low TheStreet Pro Read the original article here
The Competition Commission of India (CCI) has approved the proposed acquisition of Jaiprakash Associates Ltd (JAL) by entities of the Adani Group, according to an official release. The announcement, also shared on CCI’s X (formerly Twitter) handle, stated that Adani Enterprises (AEL), Adani Infrastructure and Developers (AIDPL), or any other Adani entity may acquire up…
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Hailed as the world’s first oat milk based cocktail drink, inspired by traditional Spanish beverage Leche de Pantera, it was sold directly to Amazon and listed by supermarkets Asda and the Co-op. Mr Crawford also secured investment for the brand after appearing on the BBC’s Dragons Den. However, the company recently hit cashflow problems that proved to…
Glasgow company behind Panther M*lk goes into liquidation GlasgowWorld Read the original article here
Glasgow company behind Panther M*lk goes into liquidation GlasgowWorld Read the original article here