Diginex’s Corporate Wind-Down Enters Procedural Phase

The corporate entity formerly known as Diginex, which last operated under the EQONEX brand, remains entangled in a multifaceted liquidation process. With its core operational business effectively dissolved, there is no traditional enterprise left to value. For remaining shareholders and creditors, the focus has narrowed exclusively to the specifics of the court-supervised administration and the…

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Supreme Court of India holds insolvency tribunals cannot decide trademark title disputes — Section 60 jurisdiction limited; ‘Gloster’ trademark not declared asset of corporate debtor, appeals partly allowed

Court’s decision The Supreme Court of India partly allowed cross-appeals arising from insolvency proceedings of a corporate debtor and held that insolvency adjudicating authorities under the Insolvency and Bankruptcy Code cannot, in the guise of Section 60 jurisdiction, conclusively decide rival claims of title over a registered trademark. Setting aside the declaration that the trademark…

Keppel Ltd. Announces Voluntary Liquidation of Subsidiary Flemmington Investments Pte. Ltd – Minichart

Keppel Ltd. Announces Voluntary Liquidation of Subsidiary Key Highlights Keppel Ltd. has announced that its wholly-owned subsidiary, Flemmington Investments Pte. Ltd., will undergo a member’s voluntary liquidation. The decision was formally disclosed by the company, indicating a strategic move to wind down this particular subsidiary. The company has clearly stated that the liquidation is not…