New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has allowed administrators of bankrupt companies to sell these entities either as a whole or their assets individually, in a move that gives a great deal of flexibility in debt resolution. While amending the regulations, IBBI said this has to be done with the approval…
New Delhi: The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings. The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that denied withdrawal of…
New Delhi, May 29 (PTI) The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings. The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that…
Last month, the NCLAT had dismissed appeals filed by the BCCI and Byju Raveendran’s brother Riju Raveendran, who is a board member of Byju’s, seeking withdrawal of insolvency proceedings against the edtech firm and also to allow a settlement between the firm and the cricket board. They had challenged the February 2025 order passed by…
Date published: 29 May 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company involved in specialised cleaning services. The undertaking was received for eight years from Roberta Carson (42) of Clonduff Drive, Castlereagh, Belfast, in respect of her conduct as director of Fourwinds Cleaners Ltd…
SC admits appeals in Byju’s insolvency case, next hearing on July 21 BENGALURU: The Supreme Court has admitted two appeals in the ongoing insolvency proceedings of Think & Learn, the parent of edtech firm Byju’s, filed by the company’s promoters and the Board of Control for Cricket in India (BCCI). The apex court has scheduled…
New Delhi: The heavy industries ministry has sought to recover ₹167 crore given as subsidy to Hero Electric Vehicles Pvt. Ltd, according to two people aware of developments in the electric two-wheeler maker’s insolvency proceedings. The ministry last year accused Hero Electric and a few other electric vehicle manufacturers of fraudulently claiming subsidies under the…
LIVE: major Herefordshire company enters liquidation The Hereford Times Read the original article here
A parliamentary committee on Thursday flagged “ambiguities” in the Insolvency and Bankruptcy Code (IBC), with sources saying that the government appeared to be considering amendments in the law to address existing concerns. Sources said the recent Supreme Court judgment quashing JSW Steel‘s resolution plan for Bhushan Power and Steel Ltd (BPSL) also came up in…
Ross Labels (Ross Labels Limited) located on the outskirts of Ross-on-Wye, has entered voluntary liquidation. Documents on Companies House show one insolvency case, stated ‘Creditors voluntary liquidation’. Ross Labels is popular with many local residents, with a wide selection of retail offerings, as well as a cafe, gym and cinema on site. Your Herefordshire understands…