And investigations into what was claimed to be a deficient audit of the company by BDO were ongoing. Creditors had gathered to hear an update of the progress being made by the joint liquidators against the company, which had been known as RG Falla until just before it went into liquidation in March 2023. Leonard…
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NCLT dismisses Empire Transport’s insolvency plea against Noida Metro Rail Corporation, citing genuine pre-existing disputes over service quality and contractual obligations. New Delhi, Jun 12 (PTI) The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between the parties…
Thank you for reading this post, don’t forget to subscribe! The Mumbai Bench of the NCLT admitted SBI’s application seeking personal insolvency proceedings against Reliance Group Chairman Anil Ambani. The Tribunal appointed a Resolution Professional and directed issuance of a public notice inviting creditor claims, marking a major development in the insolvency process. The Mumbai…
The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between the parties over service quality, contractual obligations and payment deductions. The Allahabad Bench of NCLT rejected ETSL’s plea seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Noida…
Dozens of high school students in Melbourne are currently facing severe academic uncertainty after the highly respected Western Chinese Language School (WCLS) officially collapsed into voluntary administration. Operating primarily out of the working-class western suburb of Braybrook, the sudden, total suspension of all academic classes has left families scrambling for highly critical alternatives precisely in…
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Tongaat Hulett crisis: GrowerCo is a structured, long-prepared solution, not a last-minute rescue IOL Read the original article here
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Creditors committee claims First Brands functioned as a massive Ponzi scheme Trucks, Parts, Service Read the original article here