Coffee Day gets reprieve as NCLAT halts insolvency for now
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Galera Announces Board Approval of Complete Liquidation and
MALVERN, Pa., Aug. 14, 2024 (GLOBE NEWSWIRE) — Galera Therapeutics, Inc. (Nasdaq: GRTX), a clinical-stage biopharmaceutical company historically focused on developing a pipeline of novel, proprietary therapeutics that have the potential to transform radiotherapy in cancer, today announced that its Board of Directors has approved a Plan of Liquidation and Dissolution (Plan of Dissolution), which…
Rex airlines enters voluntary administration
Rex airlines has cancelled all flights between major city airports and grounded its domestic fleet of Boeing 737 aircraft after going into voluntary administration. The airline company is still operating its regional Saab 340 services, but its flights between major city airports have been cancelled, impacting thousands of travellers across Australia. Virgin Australia has offered…
Coffee Day stock price: Plunges as it faces insolvency after NCLT admits creditor’s petition
The shares of Coffee Day Enterprises Limited were trading at ₹46.49, down by ₹2.58 (5.26 per cent) on NSE at 2 pm on Friday. Also read: Coffee Day Enterprises Q1 profit at ₹23 cr On Thursday, Coffee Day Enterprises Limited (CDEL) disclosed that the National Company Law Tribunal (NCLT) in Bengaluru has admitted an application…
Mum’s second chance after company collapse dashes aviation dreams
When Bonza took to the skies last year it was a dream come true for Nicole Toomey, who got her first-ever job in aviation as a part of the airline’s cabin crew. Then, when Bonza went into liquidation, the 53-year-old mum and grandmother was sure her aviation dreams had ended. “I was sold out for…
‘Dark day’: 610 sacked in company collapse – news.com.au
‘Dark day’: 610 sacked in company collapse news.com.au Read the original article here
Brewing concerns! NCLT orders insolvency proceedings against popular coffee chain Coffee Day Enterprises – Industry News
The parent company of the Coffee Day Group, which runs the Cafe Coffee Day network of coffee shops, Coffee Day Enterprises(CDEL), has been ordered to begin insolvency proceedings by the Corporate Dispute Tribunal NCLT. On August 8, the IDBI Trusteeship Services (IDBITSL) case, which claimed a default of Rs. 228.45 crore, was accepted by the…
Investment company behind $25m scheme plunged into liquidation – Gold Coast Bulletin
Investment company behind $25m scheme plunged into liquidation Gold Coast Bulletin Read the original article here
Rex enters voluntary administration, grounds 737s
Rex Airlines has entered voluntary administration and suspended all flights between major airports. Photo: Mick Tsikas/AAP PHOTOS. REGIONAL Express has gone into voluntary administration and cancelled all flights between major city airports, although regional flights are operating as usual. A statement posted on Rex’s website late on Tuesday said the administration affected parent company Regional…
JAL seeks interim relief from NCLAT
New Delhi: Jaiprakash Associates Ltd (JAL) on Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking protection from “the possibility of irreversible harm” arising from the company’s ongoing insolvency process, including an “attempt to sell” its assets. The Allahabad bench of the National Company Law Tribunal (NCLT) in June ordered initiation of corporate insolvency…