Economy & Nation Jet Airways Liquidation: NCLAT Backs Full Provident Fund, Gratuity for Staff Moneylife Digital Team 01 July 2026 The National Company Law Appellate Tribunal (NCLAT) has upheld a key relief to former Jet Airways employees, ruling that their provident fund, pension and gratuity dues must be… Read the original article here
NCLAT rules ED”s PMLA powers override IBC moratorium for ”proceeds of crime” assets. Insolvency cannot shield ill-gotten wealth. Case of Siddhi Vinayak Logistics. New Delhi, Jul 1 (PTI) The National Company Law Appellate Tribunal (NCLAT) has said the moratorium available to companies undergoing insolvency proceedings cannot be used to shield assets alleged to be proceeds…
Gayatri Projects reconstitutes board after insolvency withdrawal scanx.trade Read the original article here
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A cluster of caravan businesses falling into administration represents a market correction, not deep problems within the industry, according to a leading voice in the sector. The Australian caravan industry has been rocked in recent weeks by a string of high-profile manufacturers falling on hard times. Victoria’s Sunland RV, along with associated companies X Series…
Artisan bakery closes all 32 sites after going into voluntary liquidation Foodservice Equipment Journal Read the original article here
Family-run chain Coughlans Bakery has gone into liquidation and closed all 32 of its shops across south London, Surrey, Kent, and West Sussex. Founded in 1937, the third-generation business had continued expanding southwards from its base in Croydon, with most recent openings in Horsham last year. These were supplied from its 25,000 sq ft production…
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Comedian Romesh Ranganathan said he is “gutted” after the 89-year-old bakery chain he part-owns shut down. Coughlans Bakery – which operates a chain of shops across Kent, Surrey, West Sussex and south London – announced it had ceased trading on Tuesday after it went into voluntary liquidation. Ranganathan, best known for his deadpan stage style,…