Fuel cell truck manufacturer Hyzon to be liquidated – www.electrive.com
Fuel cell truck manufacturer Hyzon to be liquidated www.electrive.com Read the original article here
IBBI mandates exclusive use of eBKray for liquidation asset auctions
The Insolvency and Bankruptcy Board of India (IBBI) has mandated that all auctions for the sale of assets under the liquidation process must be conducted exclusively on the eBKray auction platform starting April 1, 2025. This directive aims to streamline the auction process, enhance transparency, and improve recovery rates in liquidation cases. Additionally, the insolvency…
NCLAT Confirms Disputed Property as Corporate Debtor’s Asset in CIRP
The Tribunal concluded that the appellant’s claims were subordinate to the ongoing CIRP and dismissed the appeals The Chennai Bench of National Company Law Appellate Tribunal ( NCLAT ) upheld the rejection of two applications filed by the appellant, confirming that a disputed property claimed by him would remain part of the Corporate Debtor’s (…
Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency
A three-member bench of the National Company Law Appellate Tribunal (NCLAT) said it will have to take a ‘final decision’ in the matter as the appeal has been pending for the last several months. PTI Last Updated : 11 January 2025, 08:17 IST Follow Us : Comments Read the original article here
U.S. corporate bankruptcy filings rise: S&P – Investment Executive
U.S. corporate bankruptcy filings rise: S&P Investment Executive Read the original article here
More German companies filing for bankruptcy in 2024
Amid Germany’s economic downturn, the number of companies in the country filing for bankruptcy rose by 16.8% in 2024 compared to the year before, according to a report from the Federal Statistical Office released on Friday. In the final month of the year, insolvency filings rose by 13.8% compared to the same month in 2023,…
Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency
Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the rejection of the settlement proposal.…
Supertech Township Projects lender rejects settlement proposal NCLAT to decide on insolvency- The Week
New Delhi, Jan 11 (PTI) Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the…
Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency
New Delhi, Jan 11 (PTI) Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the…
British Columbia Discovery Fund Inc. (formerly British Columbia Discovery Fund (VCC) Inc.) Provides Update on Liquidation Proceedings
VANCOUVER, British Columbia, Jan. 10, 2025 (GLOBE NEWSWIRE) — British Columbia Discovery Fund Inc., (formerly British Columbia Discovery Fund (VCC) Inc.) (the “Fund”), by MNP Ltd. (formerly The Bowra Group Inc.) in its capacity as liquidator of the Fund (the “Liquidator”), provides the following update as to the liquidation proceedings of the Fund. Pricing Net…