ACME Cleantech buys another Anil Ambani-promoted company

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Manoj Kumar Upadhyay of ACME Cleantech for erstwhile Anil Ambani-promoted Reliance Infrastructure Consulting & Engineers Private Limited (Corporate Debtor). The Rs 1.05-crore plan, which was unanimously approved by the Committee of Creditors (CoC), aims to resolve the corporate…

The Libelle liquidation « The Standard

The first liquidator’s report on Libelle Group Limited suggests the company was hopelessly incapable of performing its role in providing the National-Act Government’s version of school lunches. The report is one of the bleakest I have read. Libelle was contracted to provide 120,000 school lunches each day. It also supplied school tuck shops. Strangely for…