A pioneering woman in India’s insolvency sector

The National Company Law Tribunal (NCLT), New Delhi, recently approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the debt-ridden United News of India, or UNI. Pooja Bahry, the resolution professional, ensured the resolution process does not drag on for years, and managed to take it to its successful closure within a period of two…

Thousands of concertgoers left out of pocket as Juicy Fest and Timeless Summer Tour collapse into liquidation

Thousands of concertgoers have been left out of pocket after the company behind Juicy Fest and the Timeless Summer Tour collapsed into liquidation. Chris Lynch Media first revealed the scale of the fallout, with frustrated ticket holders still searching for answers as the companies behind the events remain silent. According to the Companies Office website,…

Lamudi’s parent DCG enters ‘External Administration’ following financial distress

Digital Classifieds Group (DCG), the Australian company that bought proptech firm Lamudi Indonesia in 2023, has entered into ‘External Administration’ or ‘Controllership’, according to a filing to the Australian Securities & Investments Commission, seen by DealStreetAsia. The firm has appointed Daniel Peter Juratowitch, CEO of the advisory and restructuring firm Cor Cordis, as its ‘administrator’…

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