Jaiprakash Associates Limited (JAL), the debt-laden infrastructure giant of the Jaypee Group, has moved closer to resolving its financial woes as 25 entities, including Adani Enterprises, Dalmia Cement, Vedanta Limited, and its subsidiary Jaypee Infratech Limited, have been shortlisted as eligible bidders in its Corporate Insolvency Resolution Process (CIRP), according to a regulatory filing dated…
What happens now that Rex has entered voluntary administration? The Daily Aus Read the original article here
Courts wind up more businesses run by disgraced ex-Eagle The West Australian Read the original article here
The National Company Law Tribunal (NCLT), Chandigarh bench of Shri Bachu Venkat Balaram Das (Judicial Member) and Shri Atul Chaturvedi(Technical Member), has held that an application under section 19(2) of the Insolvency & Bankruptcy Code, 2016 (“Code”), filed by the Resolution Professional (“RP”) to collect information for effective conduct of Corporate Insolvency Resolution Process (“CIRP”)…
The National Company Law Tribunal (NCLT), New Delhi bench of Shri Manni Sankariah Shanmuga Sundaram (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) held that a Petition under Section 7 of Insolvency & Bankruptcy Code, 2016 (“Code”) is proved to have been filed with Fraud or Malicious intent under Section 65 of the Code if…
The Liberal candidate for the western Sydney seat of Greenway dumped her directorship of a company just weeks before it was audited by the Australian Tax Office and later found to owe millions of dollars in GST for transactions that occurred while she was a director. Loading… Read the original article here
Key service provider files Chapter 7 bankruptcy, plans liquidation MSN Read the original article here
Chennai: The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. They had challenged the order passed by the Bengaluru bench of…
Key service provider files Chapter 7 bankruptcy, plans liquidation MSN Read the original article here
OCONOMOWOC — Grasons, an estate sale and business liquidation service provider, has added a location serving Greater Waukesha County. The Lake Country franchise is owned and operated by Greg and Shelly Glaeser, a husband- and-wife team with experience in retail, business and marketing, according to a news release. “We are excited to bring Grasons’ trusted…