New Delhi: Jaiprakash Associates Ltd (JAL) on Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking protection from “the possibility of irreversible harm” arising from the company’s ongoing insolvency process, including an “attempt to sell” its assets. The Allahabad bench of the National Company Law Tribunal (NCLT) in June ordered initiation of corporate insolvency…
A long-standing Canterbury wholesale plant business which employed 28 staff has been placed into liquidation by shareholder resolution. In their initial report to creditors and shareholders of Headford Propagators, liquidators Trevor and Emma Laing said the reasons cited included a recent significant reduction in turnover — estimated at more than $400,000 in the last two…
In short: Rex Airlines has entered voluntary administration, but an Australian aviation industry pioneer says it does not have to be the end for the outback air service. North-west Queenslanders are concerned about the impact the airline going under could have on access to services and growth. What’s next? Industry players say operators need to…
The corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses. NCLT Orders Insolvency CCD The Bengaluru bench of the NCLT (National Company Law Tribunal) on August 8 admitted the plea filed by IDBI…
Investor files liquidation petition in China against Evergrande unit Reuters Read the original article here
Albany flights safe from Rex Airlines’ financial woes Albany Advertiser Read the original article here
NCLT Approves Insolvency Proceedings Against CCD’s Parent Company Due To Rs 228 Cr Default BW Businessworld Read the original article here
The company’s collapse has left more than 80 creditors unsure if they will recoup their losses. “We wrote to homeowners yesterday and basically handed back the sites, telling them the company can’t continue,” liquidator Anna Agostino told 9News. South Australian home builder Adelaide Designer Homes has entered liquidation, leaving 20 houses unfinished. (Nine) “With a…
Qld scaffolding company enters voluntary administration Sunshine Coast Daily Read the original article here
NCLT approves Oberoi Realty arm’s acquisition of Nirmal Lifestyle Realty The Economic Times Read the original article here