Debtors and creditors have options when choosing where to pursue a restructuring – particularly with operations across jurisdictions and debt instruments issued under different laws. Local knowledge is key to navigate those options and understand the pros and cons associated with each forum. Combining the capabilities and network of our firms, we now cover the…
In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed by Byju’s under Sections 241 and 242 of the Companies Act, alleging oppression and mismanagement, or include Ernst & Young (EY) LLP and…
Standard Chartered Flags Corporate Bitcoin Holdings as Downside Risk | US Crypto News BeInCrypto Read the original article here
The Amabni-led firm claimed that there is no impact or bearing of the NCLT order on the company or any of its subsidiaries. Anil Ambani, Reliance Group chairman, has received a piece of bad news as the NCLT admitted an insolvency plea against his Reliance Infrastructure Ltd. The move came after a plea was submitted…
Since its establishment in 2012, Vinyl Me, Please has been a source of exclusive, limited-edition vinyl records for its members, who pay up to $654 annually for a premium membership, according to a report by John Wenzel of The Denver Post last month. The report discusses a recent turbulent period that began with the March…
In a significant judgment of Muller N.O. and Another v Cultigrain (Pty) Ltd [2025], delivered by the Western Cape High Court on 17 March 2025, the legal consequences of asset dispositions made after the commencement of winding-up proceedings came under scrutiny. Image source: Christos Georghiou from Freepik In this particular case, Wheatcor, the company in…
The Insolvency and Bankruptcy Board of India ( IBBI ) notified Vide Circular No. IBBI/LIQ/74/2024 dated 28.06.2024 extended the time for filing Forms to monitor voluntary liquidation processes under the Insolvency and Bankruptcy Code ( IBC ), 2016. The liquidators were directed to file forms relating to the voluntary liquidation latest by 30.09.2024. Voluntary liquidation…
Last days at Hudson’s Bay: Empty shelves and bargain hunters Times Colonist Read the original article here
A lynchpin construction company of the Celtic Tiger-era property magnate Bernard McNamara has gone into liquidation with multi-million euro debts. A creditors’ meeting for MB McNamara Construction was held this morning at the Grand Canal Hotel on Grand Canal Street Upper. Myles Kirby, founding partner of the accountancy firm Kirby Healy, has been…
Drum maker Greif Nigeria settles obligations, plans final company meeting ahead of dissolution Nairametrics Read the original article here