Ahluwalia Contracts settles dispute with A2 Interiors; moves to withdraw insolvency proceedings – Economic Times

Construction firm Ahluwalia Contracts has entered into a settlement agreement and resolved the payment issues with its operational creditor, A2 Interiors Products Pvt Ltd, and is filing an application to withdraw the insolvency proceedings. On May 5, the Delhi-based bench of the National Company Law Tribunal (NCLT) had allowed the insolvency plea filed by A2…

Greensill Insolvency Cautionary Tale for Indian Fintech-Prof (Dr) Manoj Joshi , Suhayl Abidi , Dr Aseem Chauhan – BW Businessworld

Our memory is short and lessons from the past may not always ward off the doom. This is especially true of the VUCA environment we live in, that is Volatile, Uncertain, Complex and Ambiguous. Repeatedly we witness, overconfident and over enthused entrepreneurs erupting on the business stage with their disruptive but complex business models and…