Shares of Eternal (formerly Zomato) may be in focus on Friday, April 11, after the company informed exchanges about the liquidation of its step-down subsidiary, Zomato Netherlands B.V. The subsidiary, based in the Netherlands, has initiated the process of winding up operations with effect from April 9, 2025. “Pursuant to Regulation 30 of the Listing…
Open this photo in gallery: There are at least four potential bidders that have indicated their interest in acquiring part of the Hudson’s Bay Co. or its assets. The exterior of a Hudson’s Bay store in Hamilton, Ont., is pictured on March 20.Katherine KY Cheng/Getty Images Multiple parties have expressed interest in the sale process…
Northgold AB (“Northgold” or the “Company”) has on the 10th of April 2025, entered into an agreement with Nordic Resources Limited (“Nordic Resources” or the “Buyer”) regarding the sale of all shares in its wholly owned Finnish subsidiaries, Fennia Gold Oy and Lakeuden Malmi Oy (the “Transaction”). The consideration in the Transaction comprises a combination…
Mumbai, April 2, 2025: The National Company Law Tribunal (NCLT), Mumbai Bench-IV, has admitted an insolvency petition filed by Maheshwari Fuelchem Private Limited under Section 9 of IBC against New Bombay Paper Mills Private Limited for a default of ₹3.02 crore. The tribunal ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) and declared a moratorium under Section 14…
The bench found that the MSME Council Awards were passed in 2011 and had attained finality in 2013, whereas the present Application was filed on 23.03.2022. The National Company Law Tribunal (NCLT) Mumbai bench has ruled that, in accordance with Article 137 of the Limitation Act, 1963 (Limitation Act) read with Section 238A of the…
Experts Call for Judicial Oversight in Business Recovery at 8th Annual Insolvency Conference Nilepost News Read the original article here
Date published: 10 April 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company involved in fitness facilities. The undertaking was received for seven years from Michael John Lennon (40) of Upper Springfield Road, Belfast, in respect of his conduct as director of Hybrid Fitness NI…
Hanmer building company’s debt to unsecured creditors rises to $1.2m The Press Read the original article here
Fresh debt fight for Zorzi-linked business The West Australian Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that statutory obligations must be fulfilled during insolvency proceedings; however, this does not mean that statutory dues including provident fund claims can be submitted even after…