In August last year, the Bengaluru Bench of the NCLT had ordered insolvency proceedings against CDEL while hearing a petition filed by its financial creditor IDBI Trusteeship Services Limited (IDBITSL) over an alleged non-payment of dues of ₹228 crore. The tribunal had ordered to appoint an interim resolution professional to take care of the operation of the debt-ridden…
Elaine Wilkins, from Antony Batty & Company, said directors often find themselves in a cycle of liquidation and business restart. She said: “‘What am I going to do for work if I have to liquidate my company?’ is a question I am frequently asked by directors seeking to start anew after a liquidation. “I always…
Learn more about the construction companies that have fallen into administration after tough times in 2025 2025 poses its own challenges for the construction industry- the UK economy forecasts modest growth, whilst rising international tensions put strain on supply chains. 16% of companies that filed for administration in 2022 were in the construction industry, dropping…
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Australia’s retail industry has been hit by another blow with major chain Ally Fashion collapsing and up to 185 stores across Australia impacted. It is understood the fashion chain has more than 1000 staff. News.com.au can reveal that the retailer was ordered to be wound up by the Federal Court of Australia on Friday due…
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Crisis Interventions in Corporate Insolvency – ANTILL – The Journal of Finance Wiley Online Library Read the original article here
Modco co-founder’s entity in liquidation Business News Read the original article here
MUMBAI/BENGALURU : A US bankruptcy court has found Byju’s parent Think & Learn, Byju Raveendran’s brother Riju Ravindran and a little known hedge fund Camshaft Capital responsible for defrauding Byju’s term loan lenders.The court also observed that Ravindran violated his fiduciary duties as a director of Byju’s Alpha, a US subsidiary set up by the…