3 min read Last Updated : Jun 11 2024 | 5:30 PM IST Following the suggestion of the Financial Stability and Development Council (FSDC) to ease the compliance burden, the Insolvency and Bankruptcy Board of India (IBBI) has proposed simplifying the forms submitted for the corporate insolvency resolution process (CIRP) by resolution professionals in a…
Low-cost airline Bonza entered voluntary administration in April, less than 18 months after launching its first passenger flights. (Source: AAP) Hundreds of Bonza staff have been officially sacked, after hopes of finding a buyer for the embattled airline were dashed. They are also yet to be paid for months of work as administrators say they…
Normal text sizeLarger text sizeVery large text size More than 300 employees at failed budget airline Bonza have been told their roles have been officially terminated after they havent been paid for more than two months. Bonza entered voluntary administration and appointed accounting firm Hall Chadwick at the end of April after its aircraft lessor…
The suspended board of debt-riddenJaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order.Empower Your Corporate Journey…
New Delhi: The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank’s plea for default of a corporate guarantee given for LeeL Electricals. The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm’s Corporate Insolvency…
Jammu & Kashmir Bank had claimed a default of Rs 50 crore against Himalayan Mineral Waters, engaged in the business of manufacturing of beverages, being the corporate guarantor for the credit facilities availed by the Leel Electricals. LeeL Electricals had in May 2017 sold its consumer durable business to Havells India for a consideration of…
NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank’s plea for default of a corporate guarantee given for LeeL Electricals. The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm’s Corporate Insolvency…
By Hannah Wilcox For Daily Mail Australia Published: 11:28 AEST, 8 June 2024 | Updated: 11:28 AEST, 8 June 2024 Hundreds of unhappy customers have been left without both their money and their orders after a national furniture chain announced it had gone in… Read the full article at: https://www.dailymail.co.uk/news/article-13507727/Johnnys-furniture-administration-queensland-nsw-victoria.html
Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting. Jones and his media company,…
After a weekend in which conspiracy theorist Alex Jones warned that his media company faced an imminent shutdown by the federal government because of his bankruptcy cases, a judge on Monday allowed Jones to keep operating for the next two weeks while it is decided whether his assets should be liquidated. Both Jones and his…