Sunday, November 8, 2020 In the case of Anuj Jain Interim Resolution Professional for Jaypee Infratech Ltd. v Axis Bank Limited Etc.[i] the Supreme Court of India (SC) has laid down detailed principles for the identification of a preferential transaction which could be voided under the Insolvency and Bankruptcy Code, 2016 (Code). The judgment is…
Matthew Davey. PHOTO: ODT FILES The company behind Ticket Rocket that is now in liquidation has debts of more than $8 million, according to the first receivers report into the business. BDO receiver and manager Diana Matchett reported Fortress Information Systems Limited which has three subsidiaries known as Dash Group, Dash Tickets and Dash Tickets…
SAN MATEO, Calif., Nov. 8, 2020 /PRNewswire/ — CRED INC. announcedtodaythatit, along with allof its subsidiaries, has commenced a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a…
At meeting held on 06 November 2020 Voltas announced that the Board of Directors of the company at its meeting held on 06 November 2020 agreed in-principle a proposal for restructuring of B2B businesses, comprising domestic Projects business relating to MEP/HVAC and Water projects and contracts, Mining and Construction Equipment (M&CE) business and Textile Machinery…
The financial problems for FC Barcelona are piling up. The club has to cut costs to avoid bankruptcy and has been told at an unpleasant moment that a construction company is demanding millions from the club. Muro Cortina Modular Renting, also known as MCM, built a new facade for the main building of La Masia,…
WENN The Saunders and French Productions are closing their operations after filing for voluntary liquidation, nearly three decades after the firm was founded by the actress duo in 1992. U.K. comedy legends Dawn French and Jennifer Saunders are shuttering their shared TV production firm after almost three decades. The double act launched Saunders & French…