Haydale places “loss-making” US arm into corporate insolvency process – Insider Media
Haydale places “loss-making” US arm into corporate insolvency process Insider Media Read the original article here
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
NEW DELHI: Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited. The power firm was selected as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of Vidarbha Industries Power Ltd. The Committee of Creditors approved Adani Power’s resolution plan, as…
Strandline enters voluntary administration – Creamer Media's Mining Weekly
Strandline enters voluntary administration Creamer Media’s Mining Weekly Read the original article here
Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
Insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court. Last week, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) completed the hearing and…
Coffee Day Insolvency Resumes: NCLAT Fails to Meet Deadline: Rediff Moneynews
Insolvency proceedings against Coffee Day Enterprises Ltd. resume after the NCLAT failed to issue a ruling within the Supreme Court’s deadline. The company faces debt issues stemming from the death of its founder in 2019. New Delhi, Feb 24 (PTI) Insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain,…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
NAIF-backed miner waves the white flag owing $140m – The Australian
NAIF-backed miner waves the white flag owing $140m The Australian Read the original article here
ZNCC apprises members on liquidation, corporate rescue -Newsday Zimbabwe
Zimbabwe National Chamber of Commerce THE Zimbabwe National Chamber of Commerce (ZNCC) has apprised its members of corporate rescue and liquidation processes amid a tough economic environment that has seen firms battling to maintain solvent statuses. Local companies, such as Truworths Limited, Beta Holdings and Khayah Cement Limited, have entered corporate rescue to restructure their…
Rural telco Field Solutions holdings collapses into administration
Regional telecommunication provider Field Solutions Holdings Limited has entered voluntary administration, with receivers appointed to oversee a sale or recapitalisation process. The collapse comes despite the company’s most recent financial filings suggesting it was pursuing a capital raise and restructuring its operations. The ASX-listed telco provides connectivity and business solutions for rural, regional, and remote…