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The word “haircut” has suddenly become central to the debate around Essel Group chairman Subhash Chandra’s personal insolvency case. The National Company Law Tribunal (NCLT) has approved a repayment plan under which Chandra is to pay around Rs 6.25 crore against admitted claims of about Rs 22,006.57 crore. On a simple comparison of the two…
The word “haircut” has suddenly become central to the debate around Essel Group chairman Subhash Chandra’s personal insolvency case. The National Company Law Tribunal (NCLT) has approved a repayment plan under which Chandra is to pay around Rs 6.25 crore against admitted claims of about Rs 22,006.57 crore. On a simple comparison of the two…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Meanwhile, Allone Landscape & Design director Cameron Griffiths received a five-year ban from managing a company. Liquidators for Allone Landscape & Design filed a serious problem report with the Ministry of Business, Innovation and Employment (MBIE) regarding the director’s alleged mismanagement of the company. The liquidators said they wrote off an overdrawn shareholders’ current account…
Hindusthan National Glass and Industries (HNGIL) has issued a default notice to B9 Beverages under Section 8 of the Insolvency and Bankruptcy Code for alleged unpaid dues of ₹11.77 crore, PTI reported today. HNGIL is an operational creditor of B9 Beverages, it added. This is a mandatory step before filing an application for commencement of…
B9 Beverages, maker of India’s first craft beer is facing bankruptcy. Only in July it heaved a sigh of relief after protracted legal wrangling when promoter Ankur Jain was made to quit B9 Beverages under pressure from lenders and employees. But now new trouble has cropped up. … Read the original article here
Orchard company with huge debts ‘may well have traded insolvently’ Stuff Read the original article here
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