Brief Facts The present appeal arises from an order passed by the National Company Law Tribunal (NCLT), New Delhi. The dispute is regarding an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), filed by M/s Acute Daily Media Pt. Ltd. and others claiming to be the financial creditors of M/s Sharp…
A popular dining destination has been placed into voluntary administration as it battles with the cost-of-living crisis. The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago. Dubbed “Western Sydney’s most memorable venue”, the site has been the backdrop for many weddings and special events. However, “a period…
CAMBRIDGE, Mass. and ROSTOCK, Germany and BERLIN, March 12, 2025 (GLOBE NEWSWIRE) — Centogene N.V. (OTC: CNTGF) (“CENTOGENE” or the “Company”) today announced it has closed its transaction to sell its operating subsidiaries to an affiliate of Charme Capital Partners Limited (“Charme”). As announced on November 13, 2024, the Company had entered into definitive agreements…
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Australian Securities and Investments Commission data shows that in the nine months to the end of March, more than 2000 construction companies entered administration and represented the greatest number of company failures, accounting for nearly 27.7 per cent in that period. According to now-deleted content on Bensons’ website, one of its core values is integrity,…
Disgruntled investors in collapsed cobalt miner Jervois Global have called for an emergency shareholder meeting after an American court rejected attempts to derail a bankruptcy deal that would leave them empty-handed. A court in Texas last week denied a request by two minor shareholders in the ASX-listed company to prevent a voluntary administration agreement that…
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The Ministry of Corporate Affairs may look into a whistleblower’s allegation against accounting firm EY in a case related to education tech startup Byju’s insolvency process. The whistleblower has come forward with allegations, claiming that the insolvency process of Byju’s was manipulated by US-based lender GLAS Trust with the collusion of EY India and Interim…
The National Company Law Tribunal (NCLT), Hyderabad Bench, has approved the resolution plan for Leo Meridian Infrastructure Projects & Hotels Ltd. (Corporate Debtor) submitted by Jalavihar Entertainment Private Limited Consortium (JEPL Consortium/SRA). The plan, amounting to ₹237 crores, was approved by the Committee of Creditors (CoC) with a 100% voting share. Background: The Corporate Insolvency Resolution Process (CIRP) against…
School lunches provider Libelle Group Auckland goes into liquidation MSN Read the original article here