High-flying wine start-up faces liquidation over $400k government loan – Stuff
High-flying wine start-up faces liquidation over $400k government loan Stuff Read the original article here
London cinema company hits out at ‘anti-business environment’ as it enters liquidation – Property Week
London cinema company hits out at ‘anti-business environment’ as it enters liquidation Property Week Read the original article here
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Cinema company Really Local Group goes into liquidation
UK cinema company Really Local Group has entered liquidation after eight years in operation. Founded with the aim of regenerating high streets in underserved areas, the company sought to create inclusive third spaces built around cinema. Over eight years, Really Local Group launched five community venues across London, employed more than 700 local staff, paid…
SEL Manufacturing Reports Staggering Rs 8,526 Crore Loss Amid Severe Financial Crisis – scanx.trade
SEL Manufacturing Reports Staggering Rs 8,526 Crore Loss Amid Severe Financial Crisis scanx.trade Read the original article here
NCLT Condones Delay in Kerala Financial Corp’s Bankruptcy Applications [Read Order]
While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law Tribunal (NCLT) has held that the provisions of the Limitation Act, 1963, apply to proceedings under the Insolvency and Bankruptcy Code, 2016, and has condoned the delay in filing the applications. The applications were filed…
NCLAT Cancels Insolvency Against Mahagun, Orders Fresh Hearing at NCLT, ETRealty
NEW DELHI: In a major relief to realty firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against it and directed the NCLT to hear the petition afresh, considering the fresh status report filed before it over the projects. A two-member bench of the appellate tribunal said the NCLT should…
‘Fix’ for India’s insolvency law could add nearly a year to process
Parliament is reviewing a fix for India’s bankruptcy law that promises faster resolutions, but the proposed plan has some fundamental flaws. The Insolvency and Bankruptcy Code (IBC) 2016 is up for a reset under an amendment bill currently being considered by the Lok Sabha. A key proposal is the introduction of an alternative insolvency resolution…
Former AC Milan owner Li Yonghong’s company faces liquidation amid bankruptcy – The Standard (HK)
Former AC Milan owner Li Yonghong’s company faces liquidation amid bankruptcy The Standard (HK) Read the original article here