In ABHISHEK SINGH VERSUS HUHTAMAKI PPL LTD. & ANR. – 2023 (3) TMI 1285 – SUPREME COURT, the Corporate Debtor Manpasand Beverage Limited, is manufacturing and distribution of fruit beverages. The respondent No. 1 Huhtamaki PPL Limited (operational creditor) supplied packaging material to the Corporate Debtor. The Operational Creditor filed an application against the Corporate…
IBC | Application Under Section 12A For Withdrawal Of CIRP Is Maintainable Prior To Constitution Of CoC : Supreme Court Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/top-stories/ibc-application-under-section-12a-for-withdrawal-of-cirp-is-maintainable-prior-to-constitution-of-coc-supreme-court-225026
Former Wales captain Craig Bellamy has issued a warning to footballers not to make the same mistake he did after being declared bankrupt. The 78-time Wales international played 54 times for Liverpool over two spells, winning the League Cup and Community Shield during his time at Anfield. During his career, he enjoyed noted spells at…
Cineworlds share price slumped on Monday as it announced a multi-billion-dollar restructuring package in an effort to stave off bankruptcy. At 2.1p per share the leisure chain was 28% lower in start-of-week trading. Cineworld said it was looking to raise $2.26 billion of new funding after failing to sell its operations in North America and…
Former Chinese table tennis world champion Zhang Jike reportedly owes massive gambling debts and shared private videos of his ex-girlfriend Jing Tian, a famous Chinese actress. The news was shared on Weibo, China’s Twitter-like platform, by a veteran investigative reporter named Li Wei’ao. Later, he published a lengthy article about the case on his official…
The cinema giant hopes to emerge from Chapter 11 proceeding by mid-year, with CEO Mooky Greidinger calling the agreement with lenders “a vote-of-confidence in our business.” April 2, 2023 11:53pm Cineworld in London’s Leicester Square Courtesy of Cineworld Movie theater giant Cineworld said early Monday London time that it has struck an agreement with lenders…
The troubled cinema chain Cineworld has said it will raise $2.3bn (1.8bn) in new funding as part of a plan to exit bankruptcy and that it will terminate efforts to sell its US, UK and Irish businesses. The debt-ridden group, which runs about 750 sites globally, filed for bankruptcy protection in the US last year.…
Cineworld has made a deal with its lenders to restructure its debt and emerge from bankruptcy and has also dropped plans to sell its businesses in the US, UK and Ireland. In a statement released today (April 3), Cineworld unveiled a conditional restructuring deal with lenders that would see the exhibition giant emerge from the…
Insolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he’s become particularly sympathetic to the plight of young people who find themselves financially underwater. For more than a decade, his Ontario-based firm Hoyes Michalos has been crunching bankruptcy and insolvency numbers for its annual “Joe Debtor” analysis, with its latest results…
SHANGHAI/HONG KONG: Alibaba Groups restructuring will allow all its business units to become more agile and enhance faster decision-making and responses to market changes, the tech conglomerates chief executive Daniel Zhang said on Thursday. Alibaba began laying the groundwork for the restructuring over the past few years, he told a conference call, adding in future…