The Insolvency and Bankruptcy Board of India is finalizing a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may be extended. Bloomberg Last Updated : 25 February 2025, 11:01 IST Follow Us : Comments Read the original article here
Envictus Completes Liquidation of Subsidiary TipRanks Read the original article here
Iconic bankrupt retailer closes all 800 stores in liquidation MSN Read the original article here
In nine months through December, it took 821 days on average for the courts to approve a resolution plan. That’s 35 per cent longer than in the fiscal year ended March 2023, according to IBBI data. Meanwhile, investors on average recovered about 28 per cent during the financial year ended March 2024, down from 46…
By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto… Read the original article here
The Irish branch of fashion retailer New Look is going into liquidation, with an expected loss of around 350 jobs across 26 store closures. The High Court in Ireland approved the appointment of provisional liquidators on Thursday as New Look seeks to wind down its Irish operations following several years of “sustained losses and challenging…
Iconic bankrupt retailer closes all 800 stores in liquidation MSN Read the original article here
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A whistleblower from Ernst and Young India claims to expose a major corporate corruption case involving Byju’s insolvency. As per the whistleblower, Dinkar Venkatasubramanian of EY India allegedly managed the insolvency process for Byju’s on behalf of GLAS Trust, undermining the IBC, 2016. The whistleblower possesses 30GB of evidence, including emails from the interim resolution…
The bankruptcy court in Mumbai has allowed an application filed by the liquidator of Gitanjali Gems to exclude about 260 days from the liquidation process of fugitive diamantaire Mehul Choksi-promoted firm’s liquidation process. The company’s liquidator Santanu T Ray has sought exclusion for almost nine months due to ongoing investigations and proceedings under the PMLA…