The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty imposed on lenders of Mudra Denim for delays in the insolvency process, stating there was no laxity on their part. The NCLAT bench found that sufficient reasons existed for the delayed application and deemed the lenders… New Delhi, Jan 26 (PTI) The National…
NCLT Dismisses Actor Akshay Kumar’s Insolvency Petition u/s 9 of IBC Against Ed-Tech Company taxscan.in Read the original article here
{{ registerForm.errors.get(‘form’) }} We had trouble validating your card. It’s possible your card provider is preventing us from charging the card. Please contact your card provider or customer support. Credit Card {{ cardForm.errors.get(‘card’) }} … Read the original article here
Case: Civil Appeal Nos. 8129-8130 of 2019 — Ghanashyam Mishra & Sons Private Limited vs Edelweiss Asset reconstruction Company Court: Supreme Court of India Key Facts of the Case: Background: Corporate Insolvency resolution process was started against Orissa Manganese & Minerals Limited under the Insolvency and Bankruptcy Code (IBC), 2016. Ghanashyam Mishra & Sons Private…
NCLT Orders Liquidation of Go Airlines: Upholds CoC’s Authority and Commercial Wisdom linkedin Read the original article here
An independent cinema at one of the main shopping centres in Reading has been saved from closure, even though the company that set it up has gone into liquidation. The Biscuit Factory independent movie theatre at Broad Street Mall in Reading town centre has been around since the summer of 2021. For months, there has…
The Body Shop NZ goes into voluntary administration… rugby-addict Read the original article here
The Star hospitality operations in Queensland and NSW – including its hotel, restaurant and bars tenants – face an uncertain future if casino operator enters voluntary administration or has its administration enforced over poor financial results. “All bets are off,” said one hospitality operator insider if its landlord, The Star Sydney, goes under. “It’s not…
Beauty brand The Body Shop’s New Zealand business has appointed voluntary administrators. It comes after its UK parent company was placed into administration in February last year, with its international assets largely sold – but the sale excluded the New Zealand business. Administrators Daniel Stoneman and Neale Jackson of Calibre Partners said a buyer had not been…
In the lead-up to a federal election, bipartisan support to rescue the key regional airline Rex may not surprise voters. But what happens next could set the stage for the federal government to own an airline for the first time in three decades, after it privatised Qantas through a public share sale in 1995. This…