SINGAPORE – Fitness tracking pioneer Fitbit is set to vanish as a standalone entity in Singapore after its local unit was placed under voluntary liquidation, marking the end of its corporate presence here more than a decade after entering the market. A notice published in the Government Gazette on March 13 confirmed that liquidators have…
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) of the company. Mumbai-based Supha Pharmachem’s operational creditor, Boston Ivy Healthcare Solution, had approached the National Company Law Tribunal (NCLT) after…
BKM Industries Limited Submits Delayed Q2 FY23 Financial Results Following Corporate Insolvency Resolution Process scanx.trade Read the original article here
Vedanta Flags Concerns Over JAL Insolvency Process; Records Show Adani Bid Backed by CoC, Tribunals Oneindia Read the original article here
A SAFE (the acronym for “Simple Agreement for Future Equity”) is a widely used financing tool for companies seeking to raise capital quickly and with minimal friction — particularly early‑stage companies that are not yet ready for a priced equity round. In recent years, we have seen many early-stage companies attract M&A interest before their…
A Scottish road freight transport company has collapsed into liquidation. The Larkhall firm folded after a court action by His Majesty’s Revenue and Customs, and the story leads our selection this week. Henderson Loggie said CCH Transport Limited is now in the process of liquidation. The petition was presented to Hamilton Sheriff Court by the Advocate General…
Henderson Loggie said CCH Transport Limited is now in the process of liquidation. The petition was presented to Hamilton Sheriff Court by the Advocate General for Scotland for HMRC to order that CCH Transport Limited “be wound up and to appoint a liquidator”. Its most recent accounts lodged with Companies House in 2022 showed the average number…
For fair IBC recovery, rethink how it handles instances of insider lending in corporate insolvency cases … Read the original article here
BKM Industries Limited Approves Financial Results for FY2021-22, FY2022-23 and Q1FY24, Seeks Trading Resumption scanx.trade Read the original article here
The Supreme Court has upheld an order admitting the company petition seeking initiation of the corporate insolvency resolution process under Section 7 of the Insolvency and Bankruptcy Code, against M/s. Grand Venezia Commercial Towers Pvt Limited and M/s. Bhasin Infotech and Infrastructure Private Limited. The Apex Court was of the view that the NCLT and…