NCLAT order came over a petition filed by Air Wave Technocrafts, which provided services for the operation and maintenance of HVAC systems to Voltas’ clients, seeking to initiate CIRP under Section 9 of the Insolvency and Bankruptcy Code. The NCLAT bench upheld the earlier rulings by the Mumbai bench of the National Company Law Tribunal…
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It is a hard time to be a stock investor, especially if your money is tied up in banks and non-bank financial institutions (NBFIs). Sentiment had already been fragile after the merger of five banks wiped out an estimated Tk 4,500 crore in shareholder value, leaving many retail investors increasingly cautious. Now, with the regulator…
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Queensland luxury caravan manufacturer collapses weeks before Christmas Sky News Australia Read the original article here
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More than 180 jobs have been axed just weeks before Christmas after a fourth generation family farming enterprise collapsed. Dicky Bill Australia, which supplies major supermarkets across the country, including supermarket giant, Coles, has been placed into voluntary administration owing hundreds of thousands of dollars. WATCH ABOVE: Fresh food producer falls into voluntary administration. Know…
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A court case that sought to remove the liquidators of collapsed fashion group Mosaic Brands has wrapped up, with the judge ruling they can keep their post, but noted an extra, external investigator should be involved. Mosaic Brands – the company that once managed several retail apparel brands including Noni B, Katies, Millers and Rivers…
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