Liquidation Archives - Page 285 of 2102

Eurolife Healthcare Pvt Ltd As Corporate Debtor Retains Absolute Rights Over Disputed Cephalosporin Facility As Part Of Liquidation Estate: NCLAT

LiquidationBy Editor January 12, 2025

The National Company Law Appellate Tribunal bench of Justice Ashok Bhushan (Chairperson) and Barun Mitra (Technical Member) has held that the Corporate Debtor, Eurolife Healthcare Pvt. Ltd., retained absolute rights over the disputed 13,000 sq. ft. Cephalosporin Facility as part of the liquidation estate. Brief Facts Maharashtra Industrial Development Corporation (MIDC) executed a 95-year lease…

Liquidation of a company- treatment of surplus ( negative) in preparing liquidators statement [Resolved] | Accounts – CAclubindia

LiquidationBy Editor January 12, 2025

Liquidation of a company- treatment of surplus ( negative) in preparing liquidators statement [Resolved] | Accounts CAclubindia Read the original article here

Fuel cell truck manufacturer Hyzon to be liquidated – www.electrive.com

LiquidationBy Editor January 12, 2025

Fuel cell truck manufacturer Hyzon to be liquidated www.electrive.com Read the original article here

IBBI mandates exclusive use of eBKray for liquidation asset auctions

LiquidationBy Editor January 11, 2025

The Insolvency and Bankruptcy Board of India (IBBI) has mandated that all auctions for the sale of assets under the liquidation process must be conducted exclusively on the eBKray auction platform starting April 1, 2025. This directive aims to streamline the auction process, enhance transparency, and improve recovery rates in liquidation cases. Additionally, the insolvency…

NCLAT Confirms Disputed Property as Corporate Debtor’s Asset in CIRP

LiquidationBy Editor January 11, 2025

The Tribunal concluded that the appellant’s claims were subordinate to the ongoing CIRP and dismissed the appeals The Chennai Bench of National Company Law Appellate Tribunal ( NCLAT ) upheld the rejection of two applications filed by the appellant, confirming that a disputed property claimed by him would remain part of the Corporate Debtor’s (…

Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency

LiquidationBy Editor January 11, 2025

A three-member bench of the National Company Law Appellate Tribunal (NCLAT) said it will have to take a ‘final decision’ in the matter as the appeal has been pending for the last several months. PTI Last Updated : 11 January 2025, 08:17 IST Follow Us : Comments Read the original article here

U.S. corporate bankruptcy filings rise: S&P – Investment Executive

LiquidationBy Editor January 11, 2025

U.S. corporate bankruptcy filings rise: S&P Investment Executive Read the original article here

More German companies filing for bankruptcy in 2024

LiquidationBy Editor January 11, 2025

Amid Germany’s economic downturn, the number of companies in the country filing for bankruptcy rose by 16.8% in 2024 compared to the year before, according to a report from the Federal Statistical Office released on Friday. In the final month of the year, insolvency filings rose by 13.8% compared to the same month in 2023,…

Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency

LiquidationBy Editor January 11, 2025

Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the rejection of the settlement proposal.…

Supertech Township Projects lender rejects settlement proposal NCLAT to decide on insolvency- The Week

LiquidationBy Editor January 11, 2025

New Delhi, Jan 11 (PTI) Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the…

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