Eternal, the company that owns the food‑delivery giant Zomato, has begun liquidating Zomato Netherlands B.V., a step‑down subsidiary with no active business and a net worth of about Rs 32 lakh. In a filing with the stock exchanges, the company said the unit “is not a material subsidiary,” so closing it will not affect revenue. The…
Soummo Biswas Shardul Amarchand Mangaldas & Co (SAM), AZB & Partners and Khaitan & Co have worked on various aspects of the insolvency proceedings for Vadraj Cements. The National Company Law Tribunal approved the INR18 billion (USD209.3 million) resolution plan in Mumbai on 1 April 2025. SAM advised the committee of creditors of Vadraj Cements,…
India’s Corporate Insolvency Resolution Process recognised in Singapore for the first time Ashurst Read the original article here
Shares of Zomato surged 3% on Friday after the company said it is proceeding with the liquidation of its subsidiary Zomato Netherlands B.V. “…we wish to submit that Zomato Netherlands B.V. (‘Zomato Netherlands”), a step-down subsidiary of Eternal Limited (formerly known as Zomato Limited) (‘the Company”) situated in the Netherlands, has initiated the process of…
The corporate regulator has revealed it will not prosecute the directors of Bonza following the collapse of the budget airline last year. The Sunshine Coast-based carrier suspended all flights and entered voluntary administration in April 2024. Liquidators Hall Chadwick alleged the company traded while insolvent. On Friday a spokesperson for the Australian Securities and Investment…
Compeer was liquidated after the sudden death of its CEO and majority shareholder earlier this year. A transaction with a new company starts a fresh chapter. The intellectual property and databases of UK-based wealth management benchmarking firm Compeer have been bought by a new business, BWC Benchmarking Limited, WealthBriefing can exclusively report. The formal…
Zomato Ltd.’s share price jumped 3.32% on Friday following the announcement that its inactive Netherlands subsidiary, Zomato Netherlands B.V., had initiated liquidation. Zomato, now known as Eternal Ltd., disclosed the liquidation process began on April 9. Zomato Netherlands, a step-down subsidiary of Eternal, has been inactive and does not contribute to the company’s turnover or…
The Federal Court injunction that attempted to wind-up Reacon Australia has been adjourned allowing more time for the business to restructured. The wind-up order that was put forward by Reacon Australia creditors and heard in the Federal Court of Australia on Friday 11 April, has been adjourned to Friday 9 May. The administrators for Reacon…
Zomato Netherlands enters liquidation process as part of Eternal Limited restructuring BusinessLine Read the original article here
사진 확대 There is a warning sign for corporate insolvency in the Korean economy. The number of marginal companies pushed to the brink of restructuring has increased compared to the global financial crisis and the COVID-19 pandemic. According to the data released by KB Kookmin, Shinhan, Hana, and Woori to the National Federation of Banks,…