On 23 June, the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted Bank of India‘s Section 7 petition against Supreme Engineering Limited over a default of Rs. 117.50 crore, holding that Section 10A of the Insolvency and Bankruptcy Code, 2016 does not shield post-COVID defaults from insolvency proceedings. Judicial Member Nilesh Sharma and…
A popular Australian streetwear brand has collapsed into liquidation. Geedup Co was founded in western Sydney in 2010 and developed a cult following. The brand was launched by Jake ‘Paco’ Catley. Louie Douvis Robert Woods from Deloitte has been appointed as the liquidator of the brand, which operated under the company Expialidocious Investments Pty Ltd. A…
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Vikram Solar says NCLAT stays insolvency proceedings against company New Delhi, The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a regulatory filing. The company did not inform about the next date of the hearing. The Kolkata-bench of the…
The liquidators are still to investigate if any money is owed to creditors. Companies Office records show John-Paul Porteous is the director of Nanny’s Eatery Limited. The restaurant’s website says, “JP has been the master of the spice since he was a little boy.” “Naming Nanny’s Eatery after Nanny is our way of honouring her,…
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a regulatory filing. The company did not inform about the next date of the hearing. The Kolkata-bench of the National Company Law Tribunal (NCLT), on June 19, ordered the initiation…
Insolvency levels stabilise as firms hope for World Cup bounce – R3 Insider Media Ltd Read the original article here
The NCLAT has stayed the Corporate Insolvency Resolution Process (CIRP) against Vikram Solar, halting the NCLT Kolkata”s order. This provides relief to the company. New Delhi, Jun 24 (PTI) The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar till the next date of hearing, the company said in a…
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