IBLJ showcases 50 of the most interesting and significant deals from 2024, and reveals the lawyers and law firms that guided them India witnessed a dynamic year of deal-making in 2024, driven by a booming IPO market and swift transactions. The Economic Survey 2024-25, produced by the Ministry of Finance, has highlighted steady manufacturing growth,…
The National Company Law Tribunal (NCLT), Mumbai bench comprising K.R. Saji Kumar (Judicial Member) and Anil Raj Chellan (Technical Member) has dismissed the withdrawal application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC/Code) in the insolvency proceedings of Syska LED Lights Pvt. Ltd (Corporate Debtor). The Tribunal held that once a Corporate…
Bank of India has classified its Rs. 616.30 crore exposure to debt-ridden Rolta India Ltd as fraud, according to a regulatory filing submitted under SEBI (LODR) Regulations, 2015. The disclosure comes while the company undergoes the Corporate Insolvency Resolution Process (CIRP) under India’s bankruptcy law. Rolta India’s Insolvency Status The National Company Law Tribunal (NCLT),…
SpiceJet has successfully settled its dispute with Willis Lease Finance Corporation, a leading global aircraft engine lessor, resulting in a substantial saving for the airline. As part of the agreement, Willis Lease has withdrawn its insolvency case against SpiceJet, closing yet another chapter in the airline’s ongoing efforts to strengthen its financial foundation. This settlement…
Ehau told the Gisborne Herald that all building projects Hikurangi Enterprises had “on the book” were completed. “There are no contracted projects left up in the air,” he said. “What we did as an entity as we went through this process is make sure we had a people-centred approach to it. AdvertisementAdvertise with NZME. “We…
News Business Array ( [galleryId] => 85394b2063c92e2b9c3af3df5e77e5263db6f3e36ff3f7e0 [thumbImage] => https://media.ahmedabadmirror.com/am/uploads/mediaGallery/image/1740076296233.jpg-thmb [largeImage] => https://media.ahmedabadmirror.com/am/uploads/mediaGallery/image/1740076296233.jpg-sldr [fullImage] =>… Read the original article here
We are proud of the rankings in the recently published Legal 500 EMEA edition. Wijn & Stael Advocaten is mentioned with the following practices: Restructuring & Insolvency (TIER 2), Commercial Litigation (TIER 3), Employment (TIER 4) and Environment and planning (TIER 3). We are very grateful for the great feedback we received from our clients.…
Adani Group News: Adani Group has shown interest in acquiring Jaiprakash Associates Limited (JAL) through the insolvency process. JAL, the flagship company of Jaypee Group in cement, energy, hotels, construction and real estate business, has been admitted to corporate insolvency resolution proceedings under the Insolvency and Bankruptcy Code, 2016 by an order passed by the…
The company behind iconic fashion brand Jeanswest has called time on its bricks-and-mortar retail operations as trading conditions for Australian retailers become increasingly tough amid reduced discretionary spending and increased cost of living. Harbour Guidance Pty Ltd, which rescued Jeanswest after it entered administration in 2020, has made the decision to put the company into…
Retail chain Jeanswest’s collapse to cost 600 jobs The Australian Read the original article here