Category Archives: Liquidation

Supha Pharmachem Enters Corporate Insolvency Resolution Process Amid Financial Troubles, ETLegalWorld

The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) of the company. Mumbai-based Supha Pharmachem‘s operational creditor, Boston Ivy Healthcare Solution, had approached the National Company Law Tribunal (NCLT) after…

Insolvency professional suspended for 2 yrs for lapses in Supertech, Nobility cases – MSN

Insolvency professional suspended for 2 yrs for lapses in Supertech, Nobility cases  MSN Read the original article here

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Cotton On Asia Liquidation April 01: Holding-Only, Stores Unaffected

Cotton On Asia liquidation refers to the winding up of an inactive holding company, not the retail operations. On 1 April, Cotton On clarified the entity has no staff or stores, and business in Asia continues. For Singapore, more than 30 outlets remain open, easing fears of closures. We break down what this means for…

Finnish model of education provider in administration – The Sector

Finnish model of education provider in administration  The Sector Read the original article here

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IBBI Suspends Insolvency Professional Hitesh Goel for Two Years Over Supertech and Nobility Estates Lapses

The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling proceedings of Supertech Ltd and Nobility Estates. In its order passed on March 30, the IBBI’s disciplinary committee (DC) found that Hitesh Goel failed to perform his duties provided under the…