Sources clarify that the National Company Law Tribunal’s recent approval of a repayment plan for Essel Group founder Subhash Chandra does not imply a 99.97 per cent write-off of Rs 22,000 crore in bank loans, emphasising the crucial distinction between personal guarantee claims and direct personal debt. IMAGE: A file photo of Zee News listing…
Braid Logistics (UK) Limited, based in Renfrew, was founded in 1955 – but was acquired by a German firm six years ago. Now, the logistics firm – apparently specialising in the transport of bulk liquids – is set to be placed into liquidation after a merger of group entities, according to The Herald. The restructuring…
Auckland Terra Consultant companies face liquidation bids, three already collapsed BusinessDesk | NZ Read the original article here
Arena REIT faces tenant administration as Edge Early Learning enters voluntary administration TipRanks Read the original article here
Quadrant Televentures Limited’s Committee of Creditors (CoC) has approved an agenda item related to a shorter notice period. This decision was made during the 15th meeting of the CoC, which is currently overseeing the company’s Corporate Insolvency Resolution Process (CIRP). The e-voting concluded with 100% approval for the resolution, signaling a move forward in the…
Pending CIRP of Principal Borrower Does Not Prevent Guarantor Insolvency: NCLT Admits Canara Bank’s ₹119.64 Cr Plea [Read Order] Taxscan Read the original article here
The Oslo-listed shipping shell formerly known as a dry bulk operator is testing investor patience. After handing back the vast majority of its fleet-sale proceeds to shareholders, 2020 Bulkers saw its stock slide another 11 percent on Thursday to 3.87 NOK, extending a run of losses that has pushed the equity far from the 10.07…
REVEALED: Liquidator appointments for businesses in the Scenic Rim council area for August 25 The Courier Mail Read the original article here
A liquidator has been appointed to a Grangemouth civil engineering firm following court action by HMRC. TM Civil Engineering Limited, registered at Gateway Business Park, was the subject of a petition presented to Falkirk Sheriff Court. The action in June called for the company to be wound up and for the court to appoint a liquidator.…
Bathla Group, one of Sydney’s largest developers of affordable homes, has collapsed into voluntary administration after months of mounting financial pressure, leaving thousands of homebuyers uncertain about the fate of their deposits and unfinished projects. Administrators from restructuring firm Teneo were appointed on Tuesday to the group’s main corporate entity, Universal Property Group, as well…