The Board of Andhra Pradesh-based Hemadri Cements is likely to consider viability of operations and examine the proposal for Voluntary Liquidation of the Company under Section 59 of the Insolvency and Bankruptcy Code, 2016, in a meeting of Board of Directors to be held on 18 June 2025, the company informed the exchanges on 14…
All Are Welcome – renowned for its sourdough and pastries – is closing its doors after going into liquidation, leaving questions about unpaid entitlements for dozens of staff. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to…
The National Company Law Tribunal (NCLT) admitted Gensol Engineering Ltd. and its arm Gensol EV Lease Ltd for insolvency resolution following separate petitions filed by Indian Renewable Energy Development Agency Ltd. (IREDA). However, NCLT appointed an alternative interim resolution professional (IRP) for both the companies, while rejecting the name proposed by IREDA. On May 14, State-run IREDA had filed an…
Burger chain eyes Christchurch, despite owner having 10 companies in liquidation The Press Read the original article here
In a significant development in the corporate insolvency proceedings of Jagatjit Cotton Textile Mills (JCT) Ltd, Insolvency professional Hasti Mal Kachhara officially assumed charge of the company’s affairs on Friday at its Phagwara premises. Appointed by the National Company Law Tribunal (NCLT), Mr. Kachhara arrived with his resolution team, marking the formal start of efforts…
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP Deccan Herald Read the original article here
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted an insolvency petition against Gensol Engineering Limited filed by state-owned lender Indian Renewable Energy Development Agency Limited (IREDA). The petition cites a massive default of ₹510.10 Crore on loan facilities extended for various solar and electric vehicle (EV) projects. Key Findings of the Tribunal Proven Debt & Default: The NCLT Bench,…
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP MSN Read the original article here
(June 13): South Korea’s troubled retail chain Homeplus Co opened itself up to a takeover as its private equity owners seek to avoid the firm’s liquidation. MBK Partners Ltd is seeking to find a buyer for Homeplus after a recent review showed the company’s liquidation value exceeds its going-concern value, according to an MBK Partners…
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