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A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain issued notice to Aakash Educational Services, Resolution Professional of
The private school union has said a “new chapter” has begun for a Canberra Christian school, which receives $10m of government funding a year but failed to pay staff or taxes.
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This photo shows the headquarters of MG Non-Life Insurance in Seoul, April 13, 2022. Yonhap
Financially feeble MG Non-Life Insurance is facing a looming liquidation as a potential buyer announced the termination of a takeover deal Thursday.
Meritz Financial Group said earlier in the day that it has decided to drop its status of preferred bidder for the non-life insurer, citing differences with its labor union over job security.
Meritz Non-Life Insurance, the group’s unit, was selected as a preferred bidder for MG Non-Life Insurance in December.
After being designated as a financially weak company by the financial watchdog in April 2022, MG Non-Life Insurance has been on the selling block.
Financially feeble MG Non-Life Insurance Co. is facing a looming liquidation as a potential buyer announced the termination of a takeover deal Thursday.
Meritz Financial Group said earlier in the day that it has decided to drop its status of preferred bidder for the non-life insurer, citing differences with its labor union over job security.
Meritz Non-Life Insurance Co., the group’s unit, was selected as a preferred bidder for MG Non-Life Insurance in December.
After being designated as a financially weak company by the financial watchdog in April 2022, MG Non-Life Insurance has been on the selling block.
So far, four rounds of a sale bid to sell the insurer have fallen through.
The National Company Law Tribunal (NCLT) has approved the Rs 55.6 crore resolution plan for Universal Buildwell Private Limited submitted byUniversal Aura Welfare Association, Universal Greens Buyers Association and Universal Business Park Owners Association, marking a significant step in the corporate insolvency resolution process (CIRP) that began in 2018. The resolution plan has been approved by the committee of creditors with 70.44% votes share.
Key Highlights of the Resolution Plan:
Revival of Projects: The resolution plan focuses on reviving three projects— Universal Aura, Universal Greens, and Universal Business Park—while proposing the liquidation of five other projects, including Universal…
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