Access Denied You don’t have permission to access “http://www.businesswire.com/news/home/20250105406020/en/Acticor-Biotech-announces-its-liquidation-proceedings” on this server. Reference #18.84f23717.1736159008.9b02092 https://errors.edgesuite.net/18.84f23717.1736159008.9b02092 Read the original article here
VAST Networks, once valued at over R1 billion, was shut down in 2019 after failing to turn a profit. Founded in 2014 as a joint venture between Dimension Data and Naspers, the company aimed to provide carrier-grade Wi-Fi across Southern Africa. Despite significant investment and expansion, VAST struggled to monetize its services. After unsuccessful sale…
The recent judgment by the National Company Law Appellate Tribunal (NCLAT) in NCC Ltd. v. Golden Jubilee Hotels Pvt. Ltd.1 sheds light on the treatment of operational creditors under the Insolvency and Bankruptcy Code, 2016 (IBC). This ruling emphasizes the evolving judicial perspective regarding the categorization and sub-classification of operational creditors, highlighting the need for…
PARIS, January 06, 2025–(BUSINESS WIRE)–Regulatory News: ACTICOR BIOTECH (FR0014005OJ5 – ALACT), a clinical stage biopharmaceutical company developing glenzocimab, an innovative drug for the treatment of cardiovascular emergencies, announced today that the Paris Commercial Court, has declared on January 2, the company in liquidation proceedings. The liquidator is Marc-Antoine Rey, SELARL BDR & Associés, 34 rue…
AS Tallink Takso plans to cease operations within the next month and will undergo liquidation. The company will immediately begin negotiations to terminate taxi service agreements and other contractual obligations. Contractual taxi services will continue until all obligations are fulfilled, while non-contractual clients will be serviced for the next month. As part of the liquidation process, 14…
Irish corporate insolvencies rose 16 per cent to their highest level in six years, though they came in below expectations as the fourth-quarter saw a drop off in company collapses, according to PwC. The Big Four accountancy firm said the total figure for 2024 was 852, which was well shy of its forecast that insolvencies…
What Chapter 11 bankruptcy means Filing for bankruptcy doesn’t always mean the end for an American business. There was a historic surge in U.S. corporate bankruptcy filings in June, with the highest number recorded in a single month since at least the start of 2020, new data shows. The number of corporate bankruptcy filings as…
Case Title: Ansal Crown Heights Flat Buyers Association (Regd.) vs. M/S. Ansal Crown Infrabuild Pvt. Ltd. & Ors. Citation: 2024 LiveLaw (SC) 63 The Supreme Court has held that the imposition of moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) has no effect on the execution of a decree against the…
EPFO can initiate assessment proceedings during liquidation: NCLAT on companies under IBC MSN Read the original article here
NCLAT Fortnightly: Important orders on IBC (November 16 – November 30, 2024) Bar & Bench – Indian Legal News Read the original article here