Vedanta Flags Concerns Over JAL Insolvency Process; Records Show Adani Bid Backed by CoC, Tribunals Oneindia Read the original article here
A SAFE (the acronym for “Simple Agreement for Future Equity”) is a widely used financing tool for companies seeking to raise capital quickly and with minimal friction — particularly early‑stage companies that are not yet ready for a priced equity round. In recent years, we have seen many early-stage companies attract M&A interest before their…
A Scottish road freight transport company has collapsed into liquidation. The Larkhall firm folded after a court action by His Majesty’s Revenue and Customs, and the story leads our selection this week. Henderson Loggie said CCH Transport Limited is now in the process of liquidation. The petition was presented to Hamilton Sheriff Court by the Advocate General…
Henderson Loggie said CCH Transport Limited is now in the process of liquidation. The petition was presented to Hamilton Sheriff Court by the Advocate General for Scotland for HMRC to order that CCH Transport Limited “be wound up and to appoint a liquidator”. Its most recent accounts lodged with Companies House in 2022 showed the average number…
For fair IBC recovery, rethink how it handles instances of insider lending in corporate insolvency cases … Read the original article here
BKM Industries Limited Approves Financial Results for FY2021-22, FY2022-23 and Q1FY24, Seeks Trading Resumption scanx.trade Read the original article here
The Supreme Court has upheld an order admitting the company petition seeking initiation of the corporate insolvency resolution process under Section 7 of the Insolvency and Bankruptcy Code, against M/s. Grand Venezia Commercial Towers Pvt Limited and M/s. Bhasin Infotech and Infrastructure Private Limited. The Apex Court was of the view that the NCLT and…
Troubled office furniture company files for Chapter 11 bankruptcy thestreet.com Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has dismissed BSE’s appeals against NCLT’s order to defreeze the demat accounts of businesses undergoing insolvency resolution and liquidation process.The case pertained to two companies – Future Corporate Resources and Liz Traders and Agents. BSE froze their demat accounts as these companies, which are undergoing an insolvency process,…
BKM Industries Limited Reports Q1FY24 Financial Results with Delayed Submission Due to CIRP scanx.trade Read the original article here