On 16 July, the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the Board of Control for Cricket in India (BCCI) against Think & Learn Pvt Ltd, the parent company of Byju’s, for allegedly defaulting on dues worth ₹158 crore. This is the latest in a series of setbacks for the online…
Mumbai: NCLT Rejects Application Filed Against Future Lifestyle By Mohan Clothing Company MSN Read the original article here
Owner of Colette goes into voluntary administration MSN Read the original article here
Impact Of Delays In Insolvency Resolution On The Economy BW Legal World Read the original article here
Mumbai: NCLT Rejects Application Filed Against Future Lifestyle By Mohan Clothing Company | Representative pic The National Company Law Tribunal (NCLT) has declined a request from Mohan Clothing Company, the manufacturer of the ‘Blackberrys’ and ‘Blackberrys Casual’ apparel brands, to compel Future Lifestyle Fashions Group, currently undergoing insolvency proceedings, to return over 11,696 items of…
Hercules Site Services Plc (GB:HERC) has released an update. Hercules Site Services Plc has disclosed that Robin Stevens, their Non-Executive Director, is facing a potential conflict of interest as the company he joined as a Non-Executive Director, East Imperial PLC, is entering liquidation. This information was released in compliance with AIM Rule 17 and Schedule…
Greg Lindberg, the North Carolina insurance and business executive now awaiting sentencing on a bribery conviction, can’t escape a $524 million arbitration and civil judgment against him, a federal appeals court decided this week. Also this week, the state Supreme Court dismissed Lindberg’s challenge in a separate case, finally allowing liquidation of two of his…
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Celsius Creditors Explore Liquidation of Ionic Digital as It Faces Delays in Public Listing Coinspeaker Read the original article here
US corporate bankruptcy filings rose again in December 2023, closing out a year with the most filings since 2010. S&P Global Market Intelligence recorded 50 bankruptcy filings in the month. The total was up from a revised 33 recorded in November, but roughly in line with the monthly average of just under 54 bankruptcies for…