The National Company Law Tribunal (NCLT) Mumbai bench of Hon’ble Shri K. R. Saji Kumar (Judicial Member) and Hon’ble Shri Sanjiv Dutt (Technical Member) has held that failure to respond to a demand notice within 10 days under Section 8 of the Insolvency and Bankruptcy Code, 2016 (the Code) does not bar the Corporate Debtor…
Jaiprakash Associates Limited (JAL), the flagship company of the Jaypee Group, is at the centre of one of India’s most high-profile corporate insolvency cases, drawing interest from a wide array of potential bidders. At least 26 prominent entities, including some of India’s largest conglomerates such as the Adani Group, JSW Group, Welspun, Vedanta Group, as…
Translated by Nazia BIBI KEENOO Published March 29, 2025 … Read the original article here
The National Company Law Tribunal (NCLT) Mumbai bench of Hon’ble Reeta Kohli (Judicial Member) and Hon’ble Madhu Sinha (Technical Member) has held that an insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (the Code) against the corporate guarantor of the corporate debtor cannot be admitted unless the delivery of the demand-cum-guarantee…
Facing over a billion dollars of debt, the Hudson’s Bay Company has begun its liquidation process. An Ontario court gave the centuries-old retailer its blessing to sell off remaining stock at almost all its 96 stores. But as Liam Britten reports, bargain hunters might need to wait to find the best deals. Read the original…
Open this photo in gallery: Hudson’s Bay in Park Royal shopping centre in West Vancouver, B.C. on March 27.Isabella Falsetti/The Globe and Mail A proposed agreement that would have given Hudson’s Bay Co.’s senior lenders the ability to control the retailer’s restructuring has been struck down by the court – introducing the possibility that those…
8 hours ago News Duration 2:15 Facing over a billion dollars of debt, the Hudson’s Bay Company has begun its liquidation process. An Ontario court gave the centuries-old retailer its blessing to sell off remaining stock at almost all its 96 stores. But as Liam Britten reports, bargain hunters might need to wait to find…
Sydney Beer Co has joined the list of Australian breweries to be put into voluntary administration, just months after expanding into the United States. The brewery, co-owned by former Australian fast bowler Brett Lee and acclaimed writer and actor Matt Nable, had recently raised over $6m to fund its expansion into the US. RSM Australian…
The liquidation of Kester Black Ltd — the New Zealand business of the cosmetic and skincare brand started by Wānaka woman Anna Ross — has been completed. In July last year, the Australian-registered arm of the business, Kester Black Pty, entered voluntary administration, while the New Zealand business was put into liquidation the following month, with…
OPINION | How courts are clamping down on business rescue abuse News24 Read the original article here