The Karnataka High Court on Friday directed the Resolution Profession presiding over the insolvency proceedings initiated against Think And Learn Private Limited (BYJUS) to preserve all the emails or conversations between all the stakeholders in the case at hand, which would be required for the Corporate Insolvency Resolution Process. A single judge, Justice M Nagaprasanna…
Here are some frequently asked questions in relation to SBR. The process effectively provides an insolvent entity with a pathway to compromise its existing debts (i.e. creditors vote in favour of a proposed cents in the dollar return, with the remaining balance of debt written off) and to continue to trade under the control of…
In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) overturned an order by the National Company Law Tribunal (NCLT), Chandigarh Bench, directing Punjab National Bank (PNB) to refund ₹4.50 crore to the liquidation estate of Vegan Colloids Ltd. The ruling reinforces the primacy of the Insolvency and Bankruptcy Code (IBC), 2016, in ensuring…
The company that owns the Village Green Shopping Centre is owed roughly $283,000 from The Bay. Smaller amounts are owed to the City of Vernon and a local plumbing company Hudson’s Bay, Canada’s oldest company, is in the process of liquidating almost all of its department stores, and creditors for its Vernon location have been…
The company that owns the Village Green Shopping Centre is owed roughly $283,000 from The Bay. Smaller amounts are owed to the City of Vernon and a local plumbing company Hudson’s Bay, Canada’s oldest company, is in the process of liquidating almost all of its department stores, and creditors for its Vernon location have been…
After bankruptcy, retail chain liquidates stores, seeks buyer TheStreet Read the original article here
The company that owns the Village Green Shopping Centre is owed roughly $283,000 from The Bay. Smaller amounts are owed to the City of Vernon and a local plumbing company Hudson’s Bay, Canada’s oldest company, is in the process of liquidating almost all of its department stores, and creditors for its Vernon location have been…
Jetline Travel enters administration itij.com Read the original article here
BENGALURU : Granting limited indulgence, the Karnataka High Court Thursday passed an interim order directing the Resolution Professional in the M/s Think and Learn Private Limited, i.e., Byju’s case, to preserve all the emails of conversations between all the stakeholders in the case at hand. These emails would be required for the Corporate Insolvency Resolution…
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