Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
The New Delhi Bench of the National Company Law Tribunal (NCLT) admitted a Section 7 petition filed by Punjab National Bank against M/s Shriram Skill and Education Ltd., initiating the corporate insolvency resolution process (CIRP) over a financial debt of ₹147.31 crore. The present application was filed by Mr Pawan Singh Yadav, Chief Manager of…
Don’t miss this opportunity to acquire quality, well-maintained machinery at auction value. Visit www.ajwauctions.com to view the catalog and place your bids before the auction closes on October 30th. “AJ Willner Auctions is proud to facilitate this significant liquidation of All County Rental, a company that has served North Jersey’s contractors and homeowners for more…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench, ordered the liquidation of SN Cinema Advertising Pvt. Ltd. under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, rejecting the suspended directors’ objections that liquidation was premature and that the company’s MSME status entitled them to revive operations. The Corporate Insolvency Resolution Process (CIRP) of…
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REVEALED: Latest business liquidations in Whitehorse Herald Sun Read the original article here
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…