On January 30, the RBI filed an application before the NCLT in New Delhi to initiate the CIRP under Section 227 and clause (zk) of sub-section (2) of Section 239 of the Insolvency and Bankruptcy Code (IBC) and the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority)…
Financial creditors of Reliance Big Private Limited, formerly promoted by Anil Ambani, are set to face a 99% haircut as part of the approved resolution plan in its insolvency case. The National Company Law Tribunal (NCLT), Mumbai Bench, has given its nod to the resolution plan submitted by Manoj Kumar Upadhyay through his affiliate firm,…
Evergrande Subsidiary Faces Winding-Up Order Amid Continued Trading Suspension TipRanks Read the original article here
Haydale places “loss-making” US arm into corporate insolvency process Insider Media Read the original article here
The financial creditors of would take a 99.5% haircut in the resolution of erstwhile Anil Ambani-promoted Reliance Big Private Limited’s insolvency case. The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the resolution plan submitted by Manoj Kumar Upadhyay through his affiliate firm ACME Cleantech Solutions Private for the revival of Reliance Big Private…
What we know so far about the dramatic Whyalla Steelworks administration The New Daily Read the original article here
Philly Shipyard ASA Announces Dividend and Liquidation TipRanks Read the original article here
The former bosses of a building company which went into liquidation have been banned from being directors. Dorset Council Trading Standards has taken action against Samuel Conway, the former director of Nova Building and Developments, under part 8 of the Enterprise Act 2002. The authority’s trading standards team said it received numerous complaints regarding the…
MICHIGAN — Liquidation sales have begun at most Michigan Joann Fabrics and Crafts stores after the retailer announced it would be closing 500 stores nationwide after filing for Chapter 11 bankruptcy for the second time this year. “Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although…
A group of drag queens has provided an unexpected performance on the streets of the Gold Coast in an effort to get paid. American-born Cadillac DeVille has been a drag queen for the past eight years but ran into trouble with a company called Paint Juicy failing to pay invoices totalling more than $3000. Tara-Zan,…