NEW DELHI: The fate of Go First, which stopped flying on May 3, 2023, may be known within the next two months. The National Company Law Tribunal (NCLT) on Monday extended the erstwhile Wadia Group airline’s corporate insolvency resolution process (CIRP) by another 60 days. The maximum 330-day period (with extensions) within which CIRP has…
New Delhi: Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days. This is the third extension given to Go First by the National Company Law Tribunal (NCLT) from April 4 to June 3.A two-member bench of the Delhi-based NCLT admitted…
CNN Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank in yet another instance of creditors taking legal action to reclaim money from troubled developers in the worlds second-largest economy. A winding-up petition was filed against the company by China Construction Bank (Asia) on…
Chinese property developer, Shimao Group is facing a legal challenge as China Construction Bank (Asia) filed a liquidation petition against it in Hong Kong over a financial obligation amounting to HK$1,579.5 million, equivalent to $201.75 million. This move marks a departure from the norm, as it is unusual for a state-owned bank to initiate legal…
Black Hops Brewing is the latest in a series of breweries to enter voluntary administration, advising that the Black Hops Board had no alternative but to place the business into voluntary administration due to its current circumstances. Deloitte Turnaround & Restructuring partners David Mansfield and Tim Heenan have been appointed voluntary administrators of the operations…
James Anderson, Turnaround & Restructuring Partner at Deloitte Ireland. 214 corporate insolvencies have been recorded in Ireland in Q1 2024, an increase of 47% compared with Q1 2023, when 146 insolvencies were recorded. The increase, according to the latest Insolvency & Restructuring Statistics compiled and published by Deloitte Ireland, has been primarily driven by Creditors…
One of Victorias longest-running and most respected multi-arts festivals, the biennial Castlemaine State Festival, has entered into voluntary administration. The news was announced in an email from the Festival Board, sent just before 5pm last Thursday 28 March, at a time when many people were already switching off their computers and leaving work in preparation…
The Amaravti bench of National Company Law Tribunal (NCLT) admitted insolvency petition filed against BGR Energy Systems Ltd. The petition was filed by the companys operational creditor RDC Concrete India Private Ltd. In a stock exchange announcement, the BGR said RDC Concrete India Private Ltd claimed a default of around 7.20 crore and the NCLT…
By Cameron Carpenter For Daily Mail Australia Published: 14:31 AEDT, 4 April 2024 | Updated: 14:54 AEDT, 4 April 2024 High-end steakhouse Botswana Butchery has entered voluntary administration In Australia. The restaurant chain found success in New Zealand first before expanding… Read the full article at: https://www.dailymail.co.uk/news/article-13270417/Botswana-Butchery-enters-voluntary-administration.html
LONDON As Matches grinds its way through a bankruptcy process under administrators Teneo, brands and suppliers have been tapping lawyers to help them recoup outstanding payments and warehouse stock although they may come away disappointed. Were trying to find a constructive, commercial solution, but its hard to get a dialogue going because the people we…