(MG Non-Life Insurance Co. ) Financially feeble MG Non-Life Insurance Co. is facing a looming liquidation as a potential buyer announced the termination of a takeover deal Thursday. Meritz Financial Group said earlier in the day that it has decided to drop its status of preferred bidder for the non-life insurer, citing differences with its…
The National Company Law Tribunal (NCLT) has approved the Rs 55.6 crore resolution plan for Universal Buildwell Private Limited submitted byUniversal Aura Welfare Association, Universal Greens Buyers Association and Universal Business Park Owners Association, marking a significant step in the corporate insolvency resolution process (CIRP) that began in 2018. The resolution plan has been approved by…
The operator of the closed-down Catford Mews cinema has been liquidated, but the businessman behind the venture hopes to open up again in a nearby location. Really Local Group (Catford Mews) Ltd was placed in liquidation at 2pm on Wednesday, four months after its landlord, a Lewisham Council company, repossessed the building saying it had…
Highlights The Supreme Court ruled that the interim moratorium under Section 96 of the Insolvency & Bankruptcy Code, 2016, does not protect corporate debtors from penalties under the Consumer Protection Act, 1986, emphasizing the importance of consumer protection regulations during insolvency proceedings. Legal experts clarified that the moratorium applicable to corporate debtors under Section 14…
Singapore: Meeting of company and creditors scheduled for Ruchira Ships Limited Manifold Times Read the original article here
Translated by Nicola Mira Published March 12, 2025 … Read the original article here
Translated by Nicola Mira Published March 12, 2025 … Read the original article here
Liquidators are set to be called in to wind up the firm behind the now-closed St Giles Centre in Elgin. Official records confirm that the St Giles Shopping Centre Limited’s sole director, 82-year-old Aviemore businessman David Cameron, applied to have the company wound up on February 28. Liquidators have been called in to the St…
All nine employees at Walleys Quarry landfill site have been laid off following the collapse of its operator. Walleys Quarry Ltd (WQL) entered voluntary liquidation last month, three months after the controversial Silverdale landfill site was issued with a closure notice. Michael Denny and Jonathan Marston, both of Brighton-based Alvarez & Marsal Europe LLP, have…
Since its inception, the National Law Institute University’s Centre for Business and Commercial Laws(CBCL), has been recognised as a “Centre of Excellence”. Constituted in 2008, the Centre is dedicated to fostering research and promoting awareness of Indian business and commercial laws. The flagship event of CBCL, the NLIU-Trilegal Summit on Corporate and Commercial Laws, is…