ITSL had filed the insolvency petition against CDEL in September 2023 claiming that the latter had defaulted on a payment of over ₹228 crore. As per the petition, IDBITSL the financial creditor (FC) in the case, and CDEL, the corporate debtor, entered into a Debenture Trust Deed in 2019. The FC agreed to subscribe to…
The Calcutta High Court bench of Justice Shampa Dutt (Paul) has held that gratuity dues are statutorily protected under the Payment of Gratuity Act, 1972, and do not form part of the liquidation estate of the Corporate Debtor under the Insolvency and Bankruptcy Code, 2016 (IBC). The court held that gratuity payments are outside the…
“It has been put under a bit of strain as well but I’m sure we can get through that,” Burt said. “We are just retrenching into Hastings as a family and saying that is what we want to focus on.” According to the first liquidator’s reports, Rosie O’Grady’s Taradale (HB Pub Company Ltd) and Rosie…
Intersport Spain files for insolvency Sporting Goods Intelligence Europe Read the original article here
The fabric and craft retailer Joann, which had already announced the closure of hundreds of stores, this week said the chain will shut down completely. Here’s what’s known about the liquidation process: When will the stores close? No date has been announced, and employees also apparently have not been told yet. On social media, staff…
Beston Global Food Company Enters Liquidation TipRanks Read the original article here
Second attempt to liquidate Haven Living BusinessDesk Read the original article here
MicroStrategy is down over 55% from peak, fueling forced liquidation concerns TheStreet Read the original article here
Caretaker ordered to refund Sh36m from fallen Resolution Health Insurance Business Daily Read the original article here
Growing up in an outback Queensland town where mining and cattle are king means Sarah Parker is familiar with the cycles of boom and bust, and seasons good and poor. But losing her job as a process operator at a small copper mining project near her hometown of Cloncurry in November was still a shock.…