Maketū Pies has gone into solvent liquidation and the town fears for its closure. Photo / Laura Smith However, in what the statement described as a “unique and heart-warming move”, the Maketū Pies brand and trademarks would be placed into a new joint venture entity, and licensed back to the production business. In turn, profits…
Heidelberg Cakes saved from liquidation by major local SA business Glam Adelaide Read the original article here
BAKU, Azerbaijan, December 7. Azerbaijan’s Micro Leasing and Factoring Limited Liability Company (LLC) has announced its liquidation, Trend reports via the “Taxes” online newspaper of the State Tax Service under the Ministry of Economy. The creditors were required to contact the following address within two months: AZ1122, Baku city, Yasamal district, Hasanbek Zardabi Ave., building…
The failure of energy business SolarZero has left many out of pocket. Photo: 123RF A small solar panel installing company owner says he and his staff are devastated by the failure of SolarZero. The energy business announced its liquidation last Tuesday. The board of the company owned by international investment firm BlackRock pulled the pin,…
Insolvency And Bankruptcy Code: RBI Deputy Governor Calls For Enforceable Code – What Does It Mean? MSN Read the original article here
New Delhi: In a significant development in the Jet Airways insolvency case, the Supreme Court on Thursday ordered the liquidation of the grounded airline, forfeiting Rs 200 crore invested by the successful bidder, Jalan Kalrock Consortium (JKC), and allowing the lenders led by SBI to encash a Rs 150 crore performance bank guarantee (PBG). Exercising…
Reserve Bank of India (RBI) Deputy Governor Rajeshwar Rao. File. | Photo Credit: Reuters Reserve Bank Deputy Governor M. Rajeshwar Rao on Saturday (December 7, 2024) pitched for an enforceable code of conduct for the Committee of Creditors (CoC) under the insolvency resolution process. While emphasising that the Insolvency and Bankruptcy Code (IBC), which was…
Mumbai: In a major relief to V Hotels (formerly M/s. Tulip Hospitality Services Ltd), the Bombay High Court has quashed an attachment order issued by the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA). This order followed a provisional attachment issued by the Enforcement Directorate (ED). V Hotels had challenged the provisional attachment…
In a significant blow to Jaiprakash Associates Ltd (JAL), the debt-ridden parent company of the distressed Jaypee Group, the National Company Law Appellate Tribunal (NCLAT) on Friday dismissed its appeal challenging the company’s admission into insolvency. This decision affirms the National Company Law Tribunal’s (NCLT) 3 June order, which admitted JAL into insolvency proceedings based…
The 44th meeting of the consolidated Committee of Creditors (CoC) for Videocon Industries Limited and 12 other Videocon group companies is scheduled for Tuesday, December 10, 2024. This meeting, a pre-facto intimation, adheres to the Insolvency and Bankruptcy Board of India regulations and addresses the ongoing consolidated corporate insolvency resolution process. Updated On Dec 7,…