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REVEALED: Liquidator appointments for businesses in the Manningham council area for August 28 Herald Sun Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process (CIRP) against Essel Infraprojects Ltd on a petition filed by Jammu and Kashmir Bank over a default of Rs 87.43 crore. Essel Infraprojects is one of many Subhash Chandra companies facing insolvency process. The NCLT’s Court-V, in…
St Davids Distillery Limited was ordered to be wound up by the High Court on July 29 following a petition by HM Revenue and Customs (HMRC). The company, which is registered at Nine Wells in St Davids, is now being handled by the Official Receiver and a liquidator has been appointed. A winding-up petition is a legal…
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…
NCLT clarifies Subhash Chandra’s Rs 22,000 cr case is not a bank loan write-off, but claims against him as a personal guarantor for Essel Group. Key Points The NCLT order on Subhash Chandra’s repayment plan does not signify a Rs 22,000 crore bank loan write-off. The Rs 22,006 crore figure represents claims against Chandra as…
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With the controversy over Zee group founder Subhash Chandra’s Rs 6.5-crore repayment plan refusing to die down, MS Sahoo, former chairman of the Insolvency and Bankruptcy Board of India (IBBI), has said a repayment plan is inherently constrained by the guarantor’s resources, irrespective of the amount of the guarantee. Speaking to TNIE, Sahoo said the…
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