Tongaat Hulett has applied for provisional liquidation at the KwaZulu-Natal High Court after the preferred bidder, Vision Group, failed to secure financing from the Industrial Development Corporation (IDC). Industry body SA Canegrowers warned that the development could have far-reaching effects on cane growers, millers and the broader sugar supply chain, according to Business Report. Business…
Is smart ring company Circular in the process of shutting down? A comment on the Circular Ring 2’s Kickstarter page, and a subsequent post on Reddit, brought to light some information that appeared to indicate the firm was in trouble. Android Police contacted Circular to get the full story, and although it doesn’t seem to…
Scottish mountain bike brand Deviate Cycles is back online after the previous company was forced to liquidate last year. The brand is planning a “careful return“ and has reopened its global online store. Co-founder Ben Jones confirmed Deviate will honour lifetime warranties on bikes that were purchased prior to liquidation. Back on course Deviate has…
Prabhat Technologies (India) Limited Announces Q2FY26 Financial Results Under Insolvency Resolution Process scanx.trade Read the original article here
Supreme Court rules spectrum allocated to telcos isn’t an asset under Insolvency and Bankruptcy Code. Impact on telecom sector. New Delhi, Feb 13 (PTI) In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and…
New Delhi: In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code. The decision will have ramifications in the telecommunication sector where telecom firms such as Aircel Group of Companies have invoked…
Simbhaoli Sugars Limited Reports Q3FY26 Financial Results Under Corporate Insolvency Resolution Process scanx.trade Read the original article here
Thank you for reading this post, don’t forget to subscribe! The Supreme Court of India ruled that telecom companies cannot defer spectrum and licence dues to the Department of Telecommunications, rejecting spectrum as assets. A bench of P. S. Narasimha and Alok Aradhe stressed good, and telecom dues recovery. NEW DELHI: The Supreme Court ruled…
PDUNASS Conducts Half-Day Workshop on Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 PIB Read the original article here
In a landmark verdict that settles the conflict between India’s insolvency framework and the sovereign regulation of natural resources, the Supreme Court has ruled that spectrum allocated to Telecom Service Providers (TSPs) cannot be subjected to proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC). The Apex Court held that spectrum is a natural resource…