NCLAT Stays Insolvency Proceedings Against Reliance Infrastructure – NDTV Profit
NCLAT Stays Insolvency Proceedings Against Reliance Infrastructure NDTV Profit Read the original article here
Bassett Furniture, Gregory Commercial Furniture and Workstations collapses into voluntary administration
Up to $500,000 worth of orders from a Sydney furniture firm remain undelivered after the company entered voluntary administration. Customers of Inventis furniture brands may be left in limbo after five companies, including Bassett Furniture, Gregory Commercial Furniture, and Workstations, went into voluntary administration in late June. The ASX-listed group owes nearly $30million, according to…
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
NCLAT stays insolvency proceedings against Reliance Infrastructure
New Delhi: Reliance Infrastructure Ltd on Friday said appellate tribunal NCLAT has stayed the insolvency proceedings against the company following a repayment of Rs 92.68 crore towards tariff as per an energy purchase agreement. Reliance Infrastructure in its latest regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) has stayed an NCLT order…
CIRP Cannot Be Sustained If Default Is Cured Before Admission Of Section 9 Application: NCLAT New Delhi
The National Company Law Appellate Tribunal, Principal Bench, New Delhi, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member – Technical), has ruled that the application u/s 9 of the IBC, 2016, cannot be sustained if the operational debt is settled before the date of admission. Background of the Case Section 9 IBC application, seeking…
Book Release of Corporate Insolvency: The Road to Viksit Bharat – Law, Policy and Practice – SCC Online
Book Release of Corporate Insolvency: The Road to Viksit Bharat – Law, Policy and Practice SCC Online Read the original article here
Boost for creditors as J Tomlinson nears liquidation – TheBusinessDesk.com
Boost for creditors as J Tomlinson nears liquidation TheBusinessDesk.com Read the original article here
NCLAT Grants Extension Of CIRP Timeline To Enable Voting On Revised Resolution Plan
M/s Shri Ram Switchgears Limited (“Corporate Debtor”) was admitted into Corporate Insolvency Resolution Process (“CIRP”) on 29.02.2024. The Adjudicating Authority granted an extension of the CIRP up to 24.05.2025. Before the expiry of the timeline on 24.05.2025, the Committee of Creditors (“CoC”) in its meeting held between 09.05.2025 and 14.05.2025, resolved with 96.94% vote share…
Aqua Taranaki in liquidation owing more than $1.4m – thepost.co.nz
Aqua Taranaki in liquidation owing more than $1.4m thepost.co.nz Read the original article here
Reliance Infrastructure gets NCLAT breather over insolvency proceedings – Industry News
Anil Ambani-led Reliance Infrastructure has received temporary relief as the National Company Law Appellate Tribunal (NCLAT), New Delhi, stayed the order initiating corporate insolvency resolution proceedings (CIRP) against the company. The tribunal passed this order on July 18. The next hearing in the matter is scheduled for August 27. In its filing to the stock…