The liquidator of Suryajyoti Spinning Mills Ltd has issued a fresh sale notice for the textile company’s three Telangana manufacturing units and its residual movable assets, with a combined reserve price of ₹123.03 crore, according to a public notice published on August 26 in Business Standard, The Times of India (Telangana) and both the Greater…
Ozone Homes Private Limited, a real estate company undergoing corporate insolvency resolution process (CIRP), has invited expressions of interest (EoI) from prospective resolution applicants as it seeks to revive the company under the Insolvency and Bankruptcy Code (IBC). The invitation has been issued through a modified Form G by resolution professional Ashok Mittal. The revised…
The childcare regulator has ordered Edge Early Learning in Charnwood in Canberra’s Belconnen area to close for three months. The notice of suspension, issued by Children’s Education and Care Assurance (CECA), comes about a month after an Edge Early Learning centre in nearby Higgins was forced to shut immediately over its response to a serious…
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A recruitment executive who was allowed to buy back the assets of his bust company in instalments, despite it accumulating almost £3m of debt, has placed his new business into liquidation after falling behind with promised payments to the administrator. The news is the latest event to raise questions about the practice of “phoenixism”, accounting’s…
India Power Schedules Sixth CoC Meeting as Insolvency Process Advances TipRanks Read the original article here
The story so far: The National Company Law Tribunal (NCLT) on August 25 approved a repayment plan for Essel Group founder Subhash Chandra under the Insolvency and Bankruptcy Code, 2016 (IBC). Under the plan, ₹6.25 crore will be paid to creditors and ₹25 lakh towards the insolvency resolution process costs. This is against admitted claims…
North Yorkshire hospitality and food company in liquidation owed almost £300,000 The York Press Read the original article here
The National Company Law Tribunal (NCLT) has approved a repayment plan in Zee Group founder Subhash Chandra’s personal insolvency case, letting him settle admitted claims of Rs 22,006 crore by paying just Rs 6.25 crore. The order has drawn sharply different reactions: dissenting lenders call the payout unviable, government sources say the widely reported haircut…
British corner shop chain enters liquidation with all UK stores to close – full list Manchester Evening News Read the original article here