NCLT Approves Resolution Plan For Nirmal Lifestyle Realty – BW Legal World
NCLT Approves Resolution Plan For Nirmal Lifestyle Realty BW Legal World Read the original article here
Damning findings in Dynasty liquidation as debt climbs to $2.4m – Sunshine Coast Daily
Damning findings in Dynasty liquidation as debt climbs to $2.4m Sunshine Coast Daily Read the original article here
Noosa businessman places company into administration – Sunshine Coast Daily
Noosa businessman places company into administration Sunshine Coast Daily Read the original article here
Coffee Day Enterprises to undergo corporate insolvency resolution
NCLT Bengaluru admits insolvency petition filed by IDBI Trusteeship Services against Coffee Day Enterprises, the parent company of the Coffee Day Group which owns and operates a resort, renders consultancy services and is also engaged in the sale and purchase of coffee beans. Coffee Day Enterprises had defaulted on a payment of Rs 228 crore.…
Transport company liquidates owing $600k+ to creditors – Courier Mail
Transport company liquidates owing $600k+ to creditors Courier Mail Read the original article here
Rex Airlines owes money to 4,800 creditors, administrators tell first creditors’ meeting
In short: In Rex’s first creditors’ meeting, administrators revealed Rex’s debts totalled $500 million, owed to 4,800 creditors. During the meeting, administrators said they were still investigating what caused the company to accrue so much debt What’s next? Administrators are still working through the company’s books. Administrators for beleaguered regional airline Rex say the company…
NCLT passes Oberoi Realty’s resolution plan for Nirmal Lifestyle Realty | Company News
On the effective date, the company would also subscribe to 100 per cent equity share capital of NLRPL. | Photo: Shutterstock 1 min read Last Updated : Aug 12 2024 | 9:44 PM IST Oberoi Realty on Monday said the National Company Law Tribunal has approved its resolution plan for Nirmal Lifestyle Realty, and…
Emerging Energy Solutions plunges in liquidation owing $86 million
At least a dozen South Australian solar installers have lost tens of thousands of dollars in an alleged rebate rort, 7NEWS can reveal. The company at the centre of the scandal, Emerging Energy Solutions, has gone into liquidation owing creditors across the country more than $86 million. Clayton Solar and Electrical in Adelaide is among…
Rex’s administrators say pilot shortage and supply chain woes contributed to airline’s downfall
In short: Rex Airlines’ administrators say pilot shortages and supply chain issues contributed to the business’s $500 million debt. Administrators say they are confident they will find a buyer for the regional carrier and have received several expressions of interest. What’s next? A second creditors meeting is expected to be held in early September. Administrators…
44% of closure in ClRP ends with commencement of liquidation: IBBI, ET LegalWorld
44% of closure in Corporate Insolvency Resolution Process (CIRP) ends with commencement of liquidation, according to IBBI. The liquidation process is usually initiated when no resolution plan has been received under the CIRP. For the CIRPs yielding liquidations, average liquidation value as of claims stood at 6.3 with CIRP initiated by financial creditor’s liquidation value…