The National Company Law Appellate Tribunal at Chennai has rejected a plea by GLAS Trust Company LLC, the U.S.-based lender representing the creditors of crisis hit ed-tech Byju’s, to stay the Extraordinary General Meeting (EGM) of Aakash Educational Services Ltd (AESL) scheduled for October 29, 2025. The EGM aims to approve a rights issue that…
Nagpur: In an important judgment reinforcing the supremacy of the Insolvency and Bankruptcy Code (IBC), the Nagpur bench of Bombay High Court recently ruled that consumer complaints involving the recovery of property cannot proceed against companies under moratorium during the Corporate Insolvency Resolution Process (CIRP). The court set aside orders passed by the District Consumer…
A Cromwell organic Thai restaurant business, connected to a failed North Otago organic vegetable operation, has been placed in liquidation. Brenton Hunt, of Insolvency Matters, was appointed liquidator of Organic Thai2Go Ltd earlier this month after the company was placed in liquidation by special resolution of shareholders. In his first report, Mr Hunt said the…
Budapest Court orders liquidation of Ganz-MaVag Railway Supply Read the original article here
Murray & Roberts business rescue unaffected despite final liquidation of parent company IOL Read the original article here
Creditors of collapsed trade finance firm Stronghold Global Finance (UK) Limited are owed at least £1.28mn and may not receive any disbursements from the company’s estate, liquidators have said. A court placed Stronghold into liquidation last year after it failed to pay debts of £181,000 to seven creditors, including former employees and vendors such…
Final order granted for liquidation of Murray & Roberts Holdings Engineering News Read the original article here
The leader of Arts at the Mill, which operated The Old Courts venue in Wigan, has said entering a temporary administration process is a “positive and necessary step” to protect creditor interests, as the scale of its debt has been revealed as over £1.6 million. However, David Jenkins, managing director of the Arts Council England…
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