Khayah Cement in crucial meeting with creditors – The Herald
Khayah Cement in crucial meeting with creditors The Herald Read the original article here
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Supreme Court Mandates CCI Approval Before Insolvency Resolution Plans Involving Mergers
New Delhi, Jan 30 (KNN) In a game-changing ruling, India’s Supreme Court has significantly altered the country’s insolvency landscape by mandating that any Resolution Plan involving mergers or acquisitions (termed “combinations”) must first obtain approval from the Competition Commission of India (CCI) before being reviewed by the Committee of Creditors (CoC). This decision, passed by…
RBI files application for insolvency proceedings against Aviom India Housing Finance
Image used for representational purpose. | Photo Credit: Reuters The Reserve Bank on Thursday (January 30, 2025) said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited. On Monday, the RBI superseded the board of Aviom…
More 3 Property Group companies to be wound up – The Canberra Times
More 3 Property Group companies to be wound up The Canberra Times Read the original article here
Fugitive ‘scammer’s’ luxury Perth home to go under hammer – The West Australian
Fugitive ‘scammer’s’ luxury Perth home to go under hammer The West Australian Read the original article here
SF OPS Ltd of Dunnock Road in Dunfermline is going bust
SF OPS Ltd, which has a registered address at Dunnock Road in Dunfermline, has Neville Taylor listed as sole director. Earlier this month the 57-year-old was banned from being a company director for nine years for his part in a scheme in which £7.6 million went missing. And on January 7, a petition was presented…
RBI files Aviom Housing insolvency petition at Delhi NCLT, appoints 3-member panel to assist administrator
Within days of superseding the board and appointing an administrator, the Reserve Bank of India has filed an insolvency petition against the troubled housing finance firm Aviom India Housing Finance at the New Delhi bench of the National Company Law Tribunal (NCLT). The apex bank has also appointed a three-member panel of experts to advice…
WA’s Pastoralists and Graziers Association enters administration amid ‘financial misconduct’ probe
The Pastoralists and Graziers Association of Western Australia (PGA) has entered voluntary administration, a week after it suspended operations following the uncovering of financial misconduct within the organisation. The organisation, a lobby group for WA’s agricultural sector, appointed RSM Australia partners Jerome Mohen and Greg Dudley as administrators on Thursday afternoon. Mr Mohen said the…
CCI’s Approval Of Proposed Combination Must Be Obtained Before Approval Of Resolution Plan By CoC U/S 31(4) IBC: SC
The Supreme Court held that the approval of a proposed combination by the Competition Commission of India (CCI) must be obtained before the approval of Resolution Plan by the Committee of Creditors (CoC) under Section 31(4) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Court held thus in a batch of Civil Appeals preferred…