Resolution pro challenges Insolvency and Bankruptcy Board of India – Economic Times

A resolution professional has filed a case against an Insolvency and Bankruptcy Board of India (IBBI) order in the National Company Law Tribunal (NCLT), marking a first, said people aware of the matter. Mukesh Mohan, the resolution professional for bankrupt car service company Carnation Auto India, challenged the IBBI for asking him to seek expressions…

Healthcare ad agency Hammond & Thackeray collapse leaves publishers out of pocket – MuMbrella

One of the major media agencies of the healthcare industry, Hammond & Thackeray, has gone into liquidation with creditors including major publishers and agencies expected to be $4.4 million out of pocket. The 35-year-old agency which also serviced agricultural clients from its Sydney, Melbourne and Auckland offices, was wound up by its directors on December 22.…

NCLT orders liquidation of Gujarat NRE Coke – Livemint

Gujarat NRE Coke Ltd founder Arun Kumar Jagatramka. Photo: Indranil Bhoumik/Mint Kolkata: The Kolkata bench of the National Company Law Tribunal (NCLT) on Thursday ordered the liquidation of Gujarat NRE Coke Ltd, while appointing insolvency resolution professional Sumit Binani as the official liquidator. Considering the appeal of around 1,200 permanent workers, the bench has asked…