The National Company Law Tribunal (NCLT) has approved a repayment plan in Zee Group founder Subhash Chandra’s personal insolvency case, letting him settle admitted claims of Rs 22,006 crore by paying just Rs 6.25 crore. The order has drawn sharply different reactions: dissenting lenders call the payout unviable, government sources say the widely reported haircut…
British corner shop chain enters liquidation with all UK stores to close – full list Manchester Evening News Read the original article here
Glass manufacturer Hindusthan National Glass and Industries Ltd (HNGIL) has initiated the insolvency process against B9 Beverages Ltd, the company behind Bira 91 beer, by issuing a demand notice over an alleged payment default of Rs 11.77 crore. The glass manufacturer has issued the notice under Section 8 of the Insolvency and Bankruptcy Code (IBC),…
New Delhi: Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice on B9 Beverages Ltd, the maker of the Bira 91 range of beer, as it plans to drag the debt-ridden brewer to the insolvency tribunal NCLT. HNGIL, a container glass manufacturer, has issued the notice under Section 8 of the Insolvency…
Hindusthan National Glass (HNGIL) has issued a default notice to Bira 91 (B9 Beverages) for Rs 11.77 crore over unlifted glass bottles, planning NCLT action. Key Points HNGIL issued a default notice to Bira 91 for Rs 11.77 crore over unlifted customized glass bottles. HNGIL plans to move the National Company Law Tribunal (NCLT) to…
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Chico’s Harrogate Ltd was formed in 2019 and was based at 4 Commercial Street, Harrogate. Companies House lists its sole director as Fuat Gundogan. The now-closed business entered liquidation on July 9 and Qimzen Advisory of Birmingham subsequently became the administrator. A liquidator’s report known as a statement of affairs says the business had no…
A Sydney property developer whose company has left up to 25,000 homes in limbo after being placed into voluntary administration is building a luxury compound complete with an eight-car underground garage, tennis court and pool. Bhart Bhushan, who co-owns the Bathla Group alongside his brother Rajinder Mohan, announced the property group would enter voluntary administration on…