Sections 8 and 9 of the IBC stated that an operational creditor can only initiate the CIRP process in the event of an uncontested debt and a payment default The Appeal filed by the operational creditors was dismissed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi (NCLAT), which is composed of Justice…
The struggling fashion chain has drafted in advisers to oversee a process of liquidation, according to documents seen by The Sun. It is understood the chain will have shut 35 shops by 14 March after trimming down its store estate since the start of the year. The retailer entered into a company voluntary arrangement (CVA)…
INSCO’s Resolution Plan In Hindustan Glass insolvency Moves Forward BW Legal World Read the original article here
Hudson’s Bay Company has signaled its readiness to take the next major step in its creditor protection and restructuring process, significantly reshaping Canada’s commercial retail real estate market and resulting in major job losses. On Friday, March 14, 2025, the Canadian department store retailer announced a “store-by-store liquidation process” would commence as soon as this…
Ola Electric shares dropped sharply on Monday, falling nearly 7% in early trade. The stock slipped below Rs 50 for the first time, hitting a record low of Rs 46.94 on the Bombay Stock Exchange (BSE). By 10:54 am, it was trading at Rs 47.25, down 6.51%. The decline came after Ola Electric disclosed that…
Ola Electric Share Prices Hit A 52-Week Low, Falling By 7 Ola Electric share prices have faced a significant downtrend, dropping 41.39% year-to-date (YTD). In the previous month, the price fell 21.34%. The stock’s three-month performance displayed weak performance as it declined by 46.13%, similarly, the stock dropped 54.71% in the last six months. On…
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Shares of Bhavish Aggarwal-led Ola Electric Mobility Ltd tumbled 7% in intraday trade on Monday to hit their lowest amid an insolvency petition filed in National Company Law Tribunal’s (NCLT’s) Bengaluru Bench against its subsidiary by operational creditor Rosmerta Digital Services Ltd. The insolvency plea, seeking initiation of the corporate insolvency resolution process (CIRP) against…
Bluechiip Limited Enters Voluntary Administration TipRanks Read the original article here
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…