Jet Airways (India) Limited’s former corporate office in Mumbai’s premium business district, Bandra Kurla Complex (BKC), is set to go under the hammer as part of its ongoing liquidation proceedings. According to a recent auction notice filed on the Insolvency and Bankruptcy Board of India’s (IBBI) portal, the asset will be auctioned on 5 June…
Company linked to outlet shopping centre enters liquidation: What we know so far Yahoo News UK Read the original article here
Charlotte Dawson has been plunged into financial turmoil as company Dawsylicious has gone into liquidation. According to documents on Companies House, the reality star’s business is facing a £88,000 tax bill and issued an appointment of voluntary liquidation on Tuesday. The mother-of-three, 32, who welcomed her third child in March, co-owns the wholesale clothing and footwear…
By enabling concurrent invitations, the resolution process will see reduced timelines, prevent value erosion in viable segments, and encourage broader investor participation, IBBI said. | Photo Credit: Image by rawpixel.com on Freepik The Insolvency & Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons)…
The National Company Law Tribunal (NCLT), New Delhi bench of Shri Mahendra Khandelwal (Judicial Member) and Shri Atul Chaturvedi (Technical Member) held that when the lease amount is unpaid by the Corporate Debtor it amounts to Operational Debt under the Insolvency & Bankruptcy Code, 2016 (“the Code”). Background Facts: M/s Unified Credit Solutions Private Limited…
Canada’s Hudson’s Bay retail chain to terminate more than 8,300 workers by Sunday Reuters Read the original article here
The Supreme Court recently issued notice on an appeal challenging the National Company Law Appellate Tribunal (NCLAT) judgment holding that the application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) of Think and Learn Pvt Ltd (trade name Byju’s) needed approval from 90 percent of the Committee of Creditors. A bench of Justice Vikram…
Open this photo in gallery: Heavily discounted merchandise, part of the Bay’s final liquidation sales, signals the end is near for Canada’s oldest retailer.Nathan Denette/The Canadian Press As a voice crackled over the loudspeaker at the Hudson’s Bay store in Sherway Gardens mall on Friday, the message was not simply about discounts; it was also…
The National Company Law Tribunal Bench of Shri Mahendra Khandelwal (Judicial Member) and Shri Atul Chaturvedi (Technical Member) dismissed a Section 10 application filed under the Insolvency & Bankruptcy Code, 2016 (“the code”) holding that the Corporate Applicant cannot take the shield of CIRP to avoid the legally recoverable government dues. Background Facts: M/s Imperial…
SDAI Limited Reports No New Developments in Subsidiary Liquidation TipRanks Read the original article here