Brisbane-based creative agency Khemistry has re-entered the market as an independent entity following the liquidation of its former parent company, GrowthOps. The agency, known for its impactful behaviour change campaigns, had been part of GrowthOps for seven years before the parent company’s insolvency led to its closure earlier this month. An agreement in principle has…
The stock, which is under Rs 20, is Alok Industries . As its promoter, Reliance Industries owns 40.01 per cent stake in the company. Reliance and JM Financial ARC acquired Alok Industries back in 2019 under the corporate insolvency resolution process. JM Financial Asset Reconstruction Company Limited has 34.99 per cent shareholding in Alok Industries.…
The NCLAT found no error in the NCLT’s decision, affirming the validity of the CoC’s commercial wisdom and the necessary procedural steps for liquidation The Delhi Bench of National Company Law Appellate Tribunal(NCLAT)upheld the National Company Law Tribunal(NCLT)’s decision to approve liquidation for Sintex Plastics Technologies Ltd. following the Committee of Creditors (CoC) abstaining from…
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