The Reserve Bank on Thursday 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 On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various…
Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, is trying to negotiate a settlement with its creditor IDBI Trusteeship Services in parallel to the ongoing proceeding before insolvency appellate tribunal NCLAT. On August 14, 2024, the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceedings initiated against CDEL by NCLT…
One of the country’s most prominent stock pickers, Jun Bei Liu, pulled back the curtain of her new start-up a little over a fortnight ago. In a great profile in this masthead, Liu announced TenCap, standing next to the impeccably tailored Jason Todd, her co-founder. It was touted as “one of the biggest funds management…
The collapse of Robin Hood Energy has left more than £53 million of bills unpaid, a report on its final liquidation shows. The winding-up of the failed council-run energy company has been completed five years after it went into administration. In the final round of the company, it was concluded there were 347 claims of…
(PDF) Corporate bankruptcy and insolvency prediction model ResearchGate Read the original article here
Australia’s largest glass maker, Oceania Glass, has collapsed following mounting losses and a failed bid to compete with cheap imports from China. Grant Thornton has been appointed as administrator of the company. A 169-year-old glass manufacturer, Oceania Glass plays a key role in Australia’s glass supply industry. The company specialises in float glass, coated glass…
Haydale places “loss-making” US arm into corporate insolvency process Insider Media Read the original article here
Legal Ms Justice Nessa Cahill told an investigation by officers from the Garda National Economic Crime Bureau (GNECB) remains ongoing. David O’Shea founder of Blackbee Investments. Picture: John Allen Read the original article here
TransportDeals A Birmingham technology company which once claimed to be Europe’s best-funded driverless vehicle startup has appointed liquidators. Conigital claimed to have raised more than £500m in Series A+ funding in 2023 – a combination of equity and debt which it said was the result of a strategic partnership with a global private equity infrastructure…
Blackbee parent company placed into liquidation with tax debts of over €1.7m, High Court hears Business Post Read the original article here