The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set…
R3 responds to the 2024 annual insolvency statistics The Yorkshire Post Read the original article here
Russia’s economy is facing a potential surge in corporate bankruptcies, the Vedomosti business daily reported Monday, citing experts from a government-aligned think tank. The Central Bank’s decision to raise its benchmark interest rate to 21% — its highest level since the invasion of Ukraine — in October 2024 has driven up business debt burdens. More…
The future of Indian budget airline Go First remains uncertain after the National Company Law Tribunal (NCLT) ordered the liquidation of the company on January 20, 2025. But Busy Bee Airways Pvt. Ltd., a company backed by EaseMyTrip co-founder Nishant Pitti, is opposing the decision. The airline is demanding a reopening of the case to…
Knives out as Robins Kitchen put into liquidation MSN Read the original article here
Knives out as Robins Kitchen put into liquidation MSN Read the original article here
He said if the company was not brought out of liquidation he would conduct an investigation into its failure, but at the time it was not practical to estimate the date of completion of the liquidation. Alpine Drinks NZ Ltd established the operation in 2018, to utilise a resource consent for the taking of 1.179…
Reading Time: 2 minutes Two companies linked to NZ Wagyu, which was placed in liquidation last July, were last month also placed in liquidation, owing unsecured creditors a combined $5.8 million. Origin Corporation and Blue Sky Meats (Gore) have common shareholding with Christchurch-based NZ Wagyu, which collapsed last July leaving 142 creditors $7.7m out of…
Reading Time: 2 minutes Two companies linked to NZ Wagyu, which was placed in liquidation last July, were last month also placed in liquidation, owing unsecured creditors a combined $5.8 million. Origin Corporation and Blue Sky Meats (Gore) have common shareholding with Christchurch-based NZ Wagyu, which collapsed last July leaving 142 creditors $7.7m out of…
Shortly before its abrupt collapse in August,Queensland battery manufacturer Redflow Energy appeared to be riding high. The 19-year-old company was capitalising on global demand for large-scale battery systems, with multi-million-dollar contracts in California and a growing list of prominent customers at home, including the Bureau of Metereology, Optus and Queensland government-owned energy provider Stanwell. The…