Noesis Industries Limited – Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution … – The Hindu BusinessLine

Pursuant to Regulation of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of Order of National Company Law Tribunal (NCLT), New Delhi dated 28.09.2018 under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with Rule 6 of the Insolvency and Bankruptcy (Application…

All bang, no Bux: Perth startup that raised over $65 million collapses after promising investors an ASX listing – SmartCompany.com.au

A Perth-based startup that received over $65 million from investors has been placed into liquidation with just $50,000 left in the bank, with a Federal Court judge haranguing the company for having an app that does not work. The startup, Bux Global, was launched in 2016 and spruiked itself as a mobile app which allowed…

In insolvency cases, staff can file single application for dues – Times of India

Coimbatore: In a ruling that would benefit workers seeking initiation of insolvency against their employer for pending wages, the National Company Law Appellate Tribunal (NCLAT) has said that eligible employees can be represented through a single application. With this, the NCLAT has overturned the order by the National Company Law Tribunals (NCLT), Kolkata bench that…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Public Announcement – The Hindu BusinessLine

Sub: Extension of timelines for submission of Expression of Interest (EoI) Dear Sir, This is in reference to the captioned subject and our letter dated 25th September, 2018. We wish to inform you that as part of the Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016, Mr. Rajiv…

THE BUX STOPS HERE: How a Perth fintech that raised $65 million ended up in liquidation – Business Insider Australia

A Perth-based startup with an app promising cheap international money transfers has been put into liquidation. The Federal Court was told that Bux Global raised at least $65 million. Evidence was given to the court that cash raised went to fund the private expenses of those associated with the startup and that the app didnt…