The Insolvency and Bankruptcy Board of India (“IBBI”) has recently notified several key amendments[1] in the CIRP Regulations[2], which aim to further streamline CIRPs[3] with special focus on real estate (RE) projects. These amendments give a formal effect to the recommendations/ suggestions that were proposed in the IBBI’s discussion paper, dated November 7, 2024, with…
Credit: 123RF.com Payments services firm AGS Transact Technologies said on Saturday that a creditor plans to initiate insolvency proceedings against the company for non-payment of dues. Maxwel Aircon India Pvt Ltd, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company Law Tribunal,…
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Closing sales have begun at 122 retail stores operated by Liberated Brands after the company filed for bankruptcy last week. The move affects all of Liberated’s retail fleet, including retail locations for Billabong, Roxy, RVCA and Quiksilver,…
Administrators have been appointed for Technicolor Creative Studios UK, the historic visual effects studio that has shut down, with 440 redundancies. Nick Holloway and David Pike from advisory firm Interpath were named as joint administrators to the UK Technicolor division on Monday. “The Group had been facing financial challenges for some time, exacerbated by rising…
Coffee Day Enterprises stock jumps 20 pc after NCLAT sets aside insolvency proceedings MSN Read the original article here
Navin Madhavji Mehta Vs. Jaldhi Overseas Pte Ltd & Ors.: NCLAT Holds Section 9 IBC Application Not Maintainable when Debt is Disputed linkedin Read the original article here
CDEL is the parent company of Coffee Day Group which operates the Cafe Coffee Day chain of coffee houses. File | Photo Credit: Reuters Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday (March 3, 2025) jumped 20% to hit its upper circuit limit after the National Company Law Appellate Tribunal…
NEW DELHI: Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday jumped 20 per cent to hit its upper circuit limit after the National Company Law Appellate Tribunal (NCLAT) set aside the insolvency proceedings against the company. The stock of Coffee Day Enterprises Ltd (CDEL) zoomed 19.97 per cent each…
New Delhi, Mar 3 (PTI) Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday jumped 20 per cent to hit its upper circuit limit after the National Company Law Appellate Tribunal (NCLAT) set aside the insolvency proceedings against the company. The stock of Coffee Day Enterprises Ltd (CDEL) zoomed 19.97…
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