Reliance Capital Limited (RCL) has successfully exited insolvency after the implementation of its approved resolution plan, making it the first Non-Banking Financial Company-Core Investment Company (NBFC-CIC) to complete resolution under the Insolvency and Bankruptcy Code (IBC). The Reserve Bank of India (RBI) had superseded the company’s board and appointed Nageswara Rao Y as the administrator…
Since NCLT had the power to issue such an order under Section 7 of the law, the decision to admit CTPPL into CIRP was not without jurisdiction The National Company Law Tribunal, Mumbai bench partially granted Canara Bank’s interim plea concerning the CIRP of Carnival Techno Park Pt. Ltd (CTPPL). Although Canara Bank’s request to…
Sharvain Facades goes into voluntary administration MSN Read the original article here
Administrators brought in for big name Perth builder The West Australian Read the original article here
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Manoj Kumar Upadhyay of ACME Cleantech for erstwhile Anil Ambani-promoted Reliance Infrastructure Consulting & Engineers Private Limited (Corporate Debtor). The Rs 1.05-crore plan, which was unanimously approved by the Committee of Creditors (CoC), aims to resolve the corporate…
Breadcrumb Trail Links News Real Estate Commercial Real Estate The real estate devoted to retail chains such as Eaton’s and the Bay is notoriously difficult to fill with another tenant Get the latest from Barbara Shecter straight to your inbox Sign Up Published Mar 19, 2025 • Last updated 10 hours ago • 5 minute read…
Photo: RNZ / Louise Ternouth A small business which worked on school lunch provider Libelle Group’s production line equipment said it was “blindsided” by the provider going into liquidation. A report by liquidators’ Robert Campbell and David Webb of Deloitte on Tuesday found Libelle Group owed more than $14 million to 248 creditors. One of…
TALi Digital’s Partner Genius Enters Voluntary Administration TipRanks Read the original article here
The first liquidator’s report on Libelle Group Limited suggests the company was hopelessly incapable of performing its role in providing the National-Act Government’s version of school lunches. The report is one of the bleakest I have read. Libelle was contracted to provide 120,000 school lunches each day. It also supplied school tuck shops. Strangely for…
Hudson’s Bay having ‘good’ talks with partners, awaiting approval to liquidate CTV News Read the original article here