The parent company of the Coffee Day Group, which runs the Cafe Coffee Day network of coffee shops, Coffee Day Enterprises(CDEL), has been ordered to begin insolvency proceedings by the Corporate Dispute Tribunal NCLT. On August 8, the IDBI Trusteeship Services (IDBITSL) case, which claimed a default of Rs. 228.45 crore, was accepted by the…
Investment company behind $25m scheme plunged into liquidation Gold Coast Bulletin Read the original article here
Rex Airlines has entered voluntary administration and suspended all flights between major airports. Photo: Mick Tsikas/AAP PHOTOS. REGIONAL Express has gone into voluntary administration and cancelled all flights between major city airports, although regional flights are operating as usual. A statement posted on Rex’s website late on Tuesday said the administration affected parent company Regional…
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