The National Company Law Tribunal (NCLT) at New Delhi, has refused to push Khao Gali Restaurants Pvt. Ltd. into insolvency on a plea by liquor wholesaler Diwan Spirits.It held that the dispute between the parties is not a clear case of non-payment but one that turns on reconciliation of accounts under the now scrapped Delhi…
NCLT Mumbai Admits Insolvency Petition Against Dharan Infra-EPC Limited for ₹28.05 Crore Default scanx.trade Read the original article here
The National Company Law Appellate Tribunal (NCLAT) at New Delhi, has recently reiterated that that the Covid-era suspension under the Insolvency and Bankruptcy Code does not protect personal guarantors from insolvency proceedings. The appellate tribunal ruled that the suspension applies only to companies and does not bar creditors from initiating insolvency proceedings against individuals… Read…
National Company Law Tribunal, Mumbai: In an application filed by EnQuest PetroSolutions Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with seeking initiation of Corporate Insolvency Resolution Process (CIRP), the two-member Bench of Nilesh Sharma (Judicial Member) and Sameer Kakar (Technical Member) observed that from the evidence and materials,…
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REVEALED: Latest business liquidations in Swan dailytelegraph.com.au Read the original article here
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The collapse of the The View Café in Aviemore comes as the sector “continues to face significant challenges”. George Lafferty of Begbies Traynor has been appointed provisional liquidator of the firm and said that it is working to “ensure all staff who have been made redundant are able to recover sums due to them as…
Exclusive: Loop enters ABC liquidation; co-founders expected to bid for assets as operations remain disrupted theinsurer.com 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…