Business recovery and insolvency – Pitcher Partners
Business recovery and insolvency Pitcher Partners Read the original article here
Restructuring & Special Situations – Ashurst
Restructuring & Special Situations Ashurst Read the original article here
Key service provider files Chapter 7 bankruptcy, plans liquidation – TheStreet
Key service provider files Chapter 7 bankruptcy, plans liquidation TheStreet Read the original article here
Overlooked Liquidation Opportunity with Significant Upside Potential
On 26th February, Zytronic issued a letter to shareholders outlining three key points:They were unable to find a buyer for the business as a going concern.They have decided to proceed with liquidation.The estimated liquidation outcome ranges from 46p to 60p per share, with the process expected to take around nine months.A circular will be sent…
Byju’s insolvency case: NCLAT sets aside BCCI and Riju Raveendran’s plea on settlement for Byju’s
FILE PHOTO: Byju’s | Photo Credit: Dado Ruvic The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju’s and consider the settlement between the debt-ridden edtech firm and the apex cricket body. They had challenged the order passed by the…
One year on from the Corporate Insolvency and Governance Act 2020 – Ashurst
One year on from the Corporate Insolvency and Governance Act 2020 Ashurst Read the original article here
Adjudicating Authority Can’t Presume Applicability Of Interest On Principal Amount In Absence Of Express Agreement Between Parties: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that while deciding an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (Code), the Adjudicating Authority cannot presume the applicability of interest based…
Infinite directors may face scrutiny as rescuers circle – The West Australian
Infinite directors may face scrutiny as rescuers circle The West Australian Read the original article here
Twiga Foods Acquires Three Distributors Amid Allegations of “Soft Liquidation” Strategy
In a bold but controversial move, Kenyan agritech company Twiga Foods has acquired majority stakes in three local distributors—Jumra, Sojpar, and Raisons—as it accelerates its transition from a supplier of farm-fresh produce to a full-service fast-moving consumer goods (FMCG) platform. While this move signals Twiga’s ambition to solidify its position as Kenya’s leading B2B e-commerce…
Konica Minolta announces £32m liquidation
Konica Minolta has announced its intention to liquidate a manufacturing subsidiary in China, which has been calculated to result in a financial loss of approximately ¥6bn (£31.7m). Konica Minolta Business Technologies, also known as Konica Minolta WUXI, primarily produces imaging products and office machines. The company first decided to end production at the WUXI plant…