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
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Newport investment firm collapses after High Court orders compulsory liquidation South Wales Argus Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…