NCLAT overturned NCLT’s earlier order What’s the story The National Company Law Appellate Tribunal (NCLAT) has approved separate insolvency proceedings for two entities of the Videocon group: Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL). The decision comes after overturning an earlier order by the… Read the original article here
Realty developer Parsvnath Developers has been admitted into corporate insolvency resolution process (CIRP) by the National Company Law Tribunal (NCLT), New Delhi Bench, after a prolonged legal and financial battle with lender Sammaan Capital and subsequently Asset Reconstruction Company India Limited (ARCIL). The insolvency proceedings stem from a Section 7 petition filed by Sammaan Capital,…
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Supreme Housing Faces Insolvency as NCLT Admits Canara Bank’s Rs 567 Cr Claim The National Company Law Tribunal (NCLT) has formally admitted Canara Bank’s insolvency petition against Supreme Housing and Hospitality Private Limited. The claim totals Rs 567.43 crore, including Rs 175.83 crore in principal and Rs 391.60 crore in interest as of October 31,…
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Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT order that had directed clubbing of the two cases. Passing a final order, the NCLAT said creditors of VIL and VOVL had intended the…
Businessman owes over $65k after walking away from workers’ settlement Stuff Read the original article here
REVEALED: Latest business liquidations in Scenic Rim The Courier Mail Read the original article here
NuCana is winding down after failing to secure a strategic deal. A planned liquidation, cash distribution and Nasdaq delisting change the risk profile for shareholders. NuCana is preparing to liquidate and dissolve the company after concluding that a strategic transaction was not achievable, according to a company update published on April 2, 2025, and a…
The collapse of a Windhoek financial advisory firm has raised fears that Namibian investors, including pensioners, might have lost millions of dollars through foreign exchange trading. Wealth Management Solutions (WMS), run by managing director Hanjo Schlabitz, has collected money from Namibian clients and invested it on their behalf through brokers and trading accounts. The Namibian…