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The National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day.
In a regulatory filing, the company said, “…today the Hon’ble National Company Law Appellate Tribunal, Chennai, pronounced the order allowing the appeal filed by the Company and set aside the proceedings of Corporate Insolvency Resolution Process initiated against the Company as per the National Company Law Tribunal, Bangalore dated 08th August 2024.”
The National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day.
In a regulatory filing, the company said, “…today the Hon’ble National Company Law Appellate Tribunal, Chennai, pronounced the order allowing the appeal filed by the Company and set aside the proceedings of Corporate Insolvency Resolution Process initiated against the Company as per the National Company Law Tribunal, Bangalore dated 08th August 2024.”
In 2024, the number of bankruptcies of companies in Japan amounted to around 10 thousand,reaching a decade high. The number of bankruptcies rose by 15.14 percent compared to the previous year. The total liabilities of the bankrupt companies amounted to over two trillion yen.
KATIE PRICE is flogging her notorious £140,000 Barbie pink Range Rover for just £5k amid her money woes.
The former glamour model, 46, who was declared bankrupt for a second time in March last year, had her Range Rover Sport appear online with a renowned car auctioneer.
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Katie Price’s famous pink Range Rover is up for saleCredit: @DTMathewsons/YouTube
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Katie was declared bankrupt for a second time last MarchCredit: Getty
And the motor has already clocked up bids before viewings take place.
Katie’s beloved motor was listed with Mathewsons, and sits on display at their Pickering auction house.
It has a guide price of between £5,000 and £6,000, despite the eyewatering six-figure sum she shelled out for it in 2005.
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About 350 jobs are expected to go across 26 stores as the Irish branch of fashion retailer New Look enters liquidation.
Impacted staff were notified after the High Court in Ireland approved the appointment of provisional liquidators last Thursday. New Look said further engagement is planned over the coming days.
The retailer is seeking to wind down its Irish operations following several years of “sustained losses and challenging market conditions”.
New Look employs a total of 347 people across its network in the Republic of Ireland.
The matter stems out from IDBI Trusteeship Limited (ITSL) filing the insolvency petition against CDEL in September 2023 claiming that the latter had defaulted on a payment of over ₹228 crore on four occasions between 2019 and 2020 related to a Debenture Trust Deed in 2019.
The NCLAT order admitting insolvency plea was put on hold after Malavika…
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Shares of Strategy (NASDAQ: MSTR) have dropped by over 55% from the November 24 high at $543 to around $250. With the software intelligence firm now holding approximately 499,096 Bitcoin—worth around $44 billion at current prices—market participants are wondering whether the company could ever face a forced liquidation of its massive Bitcoin treasury.
On Tuesday, analysts from The Kobeissi Letter (@KobeissiLetter) took to X to provide a comprehensive thread analyzing this scenario. Here’s what they had to say: “The MicroStrategy liquidation: As MicroStrategy, MSTR, falls over -55%, many are asking about ‘forced liquidation.’ The company now holds $44 BILLION worth of Bitcoin, could they be forced to sell it? Is liquidation…
“The director advised the company was placed into liquidation due to the Covid-19 pandemic and the company’s main contractor cancelling the contract on a short notice,” the liquidator’s first report said.
Zhang told the Herald the software firm had been inactive for around 18 months by the time of his appointment.
The only significant potential asset is a shareholder current account with $244,663 overdrawn; Zhang says this collectable relates to Lynds as a deceased shareholder. The liquidator is still in the process of assessing if Lynds has a deceased estate, and if so if funds can potentially be recovered from it.
Equity Commonwealth (NYSE: EQC) has completed the sale of its final property, 1225 Seventeenth Street in Denver, Colorado, for $132.5 million ($124.4 million net after credits) on February 25, 2025. This marks a significant milestone in the company’s liquidation process.
Following shareholder approval of the Plan of Sale and Dissolution with 85.5% support on November 12, 2024, EQC has updated its estimated aggregate shareholder liquidating distribution range to $20.55 to $20.70 per common share, inclusive of the initial $19.00 per share distribution paid on December 6, 2024.
The company reported net assets in liquidation of approximately $179 million as of December 31, 2024. Prior to…
NCLAT, which earlier reserved its order, pronounced the ruling on Thursday (February 27, 2025) and the detailed order copy is awaited.
In a stock exchange announcement, the company said the NCLAT allowed its appeal and set said the National Company Law Tribunal (NCLT) last year’s order initiating the insolvency proceedings.
BRUSSELS — Several major EU countries are advocating that the bloc’s carbon border tax be expanded in the coming years to help repay over €300 billion in pandemic-era debt.
France, Italy and Poland are the big hitters behind the push. They argue that the EU desperately needs new revenue streams and that the carbon border tax — which takes effect for specific sectors in 2026 — is one solution.
The levy will initially cover highly polluting sectors like steel, cement and aluminum, as well as electricity and hydrogen. It aims to ensure imported goods pay a carbon price equivalent to EU standards. But the scheme, formally known as the Carbon Border Adjustment Mechanism (CBAM), also includes a built-in 2025 review…
