Category Archives: Liquidation

Intimation For Extension Of Time In Completion Of Corporate Insolvency Resolution Process (CIRP) Of Supreme Tex … – Hindu Business Line

That in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and this is further to our intimations regarding the application filed by Allahabad Bank for initiation of Corporate Insolvency Resolution Process (CIRP) for Supreme Tex Mart Limited under Insolvency and Bankruptcy Code, 2016 (IBC 2016) before National Company Law Tribunal,…

How NCLTs send strong message to truant promoters – Economic Times

MUMBAI: Size and corporate governance do matter: That seems to be the unambiguous message Indias bankruptcy courts are giving the countrys beleaguered lenders about a year since they began the process of recovering bad loans within specific deadlines. Since December 2016, when the new law came into force, 11% (67 cases) of the small and…

Evolution of the Corporate Insolvency Resolution Regime in India – Legally India

Indias Insolvency and Bankruptcy Code has promised to completely transform the countrys insolvency resolution regime. Jyoti Singh analyses the key judicial decisions under the Code. Click here to read PDF of chapter As far as the introduction of new laws in India is concerned, the Insolvency and Bankruptcy Code, 2016 (Code) is second to none…

Doughnut Time Sale Falls Over, Remaining Stores Close – Broadsheet

Today has been the last day of Doughnut Time, Victoria state manager Vanessa Gaddi-Chmielewski wrote in an email supplied to the ABC. I just received news from Dan [Strachotta] that the deal with the new company has been blocked by Damian. He will not sign the Doughnut Time trademark to Dan. As a result, the…

Ex-pilot moves NCLT to initiate insolvency proceedings against AI – India Today

New Delhi, Mar 29 (PTI) A former Air India pilot has dragged the national carrier to the National Complany Law Tribunal (NCLT) seeking initiation of insolvency proceedings against it, saying the airline has been unable to clear his dues. Captain Subodh Kumar, who served Air India (AI) for 28 years, has sought the settlement of…

Ex-pilot moves NCLT to initiate insolvency proceedings against AI – Times of India

New Delhi, Mar 29 () A former Air India pilot has dragged the national carrier to the National Complany Law Tribunal (NCLT) seeking initiation of insolvency proceedings against it, saying the airline has been unable to clear his dues. Captain Subodh Kumar, who served Air India (AI) for 28 years, has sought the settlement of…

Binani: The battle for Binani is just not over – The Economic Times – Economic Times

For now, its advantage Ultratech in the battle for Binani Cement. By getting the ousted promoters and unsecured lenders on its side and putting more money on the table, the Aditya Birla group company has convinced the Kolkata bench of National Company Law Tribunal (NCLT) to give it a second chance. The NCLT on Tuesday…

Ex-pilot moves NCLT to initiate insolvency proceedings against AI – Economic Times

NEW DELHI: A former Air India pilot has dragged the national carrier to the National Complany Law Tribunal (NCLT) seeking initiation of insolvency proceedings against it, saying the airline has been unable to clear his dues. Captain Subodh Kumar, who served Air India (AI) for 28 years, has sought the settlement of his claims of…

Paid-for content: Should directors and company officers fear liquidation? – Isle of Man Today

Browne Craine & Co – Craig Mitchell Whenever a business, whether it be here on the Isle of Man or on the adjacent island, hits the headlines for going into liquidation, directors and officers of all types of companies would be well advised to take note. Whatever the size of your company, its liquidation is…

Paid-for content: Should directors and company officers fear liquidation? – Isle of Man Today

Browne Craine & Co – Craig Mitchell Whenever a business, whether it be here on the Isle of Man or on the adjacent island, hits the headlines for going into liquidation, directors and officers of all types of companies would be well advised to take note. Whatever the size of your company, its liquidation is…