NCLT orders liquidation of Overnite Express with immediate effect – Business Standard

The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP,…

Roxy Project Dealt Second Voluntary Liquidation Blow – Mirage News

Leeton Shire Council Council advises that HME Services, the company engaged to deliver specialist sound and lighting equipment for the Roxy, entered voluntary liquidation in August. PKF in Brisbane has been appointed as the administrators. HME Services was a well-respected Australian company, specialising in sound and lighting designs and fit-outs in the creative arts industry.…

Supreme Court Dismisses Appeal By Nitin Desais Widow Against NCLAT Order – BQ Prime

SC Dismisses Appeal By Art Director Nitin Desai’s Widow Against NCLAT Order Business NewsSupreme Court Dismisses Appeal By Nitin Desai’s Widow Against NCLAT Order ADVERTISEMENT 16 Sep 2023, 8:10 PM IST 16 Sep 2023, 8:10 PM IST 16 Sep 2023, 8:10 PM IST WhatsApp X (was Twitter) Facebook Telegram Read the full article at: https://www.bqprime.com/business/sc-art-director-appeal

NCLAT Fortnightly: Important orders on IBC (July 16, 2023 July 31, 2023) – Bar & Bench – Indian Legal News

2. In the matter of Monica Jajoo v. PHL Fininvest Private Limited (Company Appeal (AT) (Ins) No. 1344 & 1345 of 2022), the appellant, who was a personal guarantor to a corporate debtor named Hema Engineering Industries Limited (HEIL), had challenged an order of Bench IV of the National Company Law Tribunal (NCLT), New Delhi admitting…

South Australian builder Qattro collapses, leaving more than 200 customers in limbo – ABC News

Another South Australian building company has collapsed, plunging creditors and prospective home owners into crisis. Key points: Qattro has been placed into liquidation  The company has more than 200 construction projects currently underway Qattro owes more than $4.5 million to unsecured creditors Qattro Built has been placed into liquidation, owing more than $4.5 million to…

Reliance Capital insolvency: NCLT rejects Torrents's plea, to hear Hinduja's resolution plan approval on S – The Economic Times

The National Company Law Tribunal (NCLT) will hear on September 26 the resolution plan for debt-ridden Reliance Capital submitted by Hinduja Group firm Indusind International Holdings Ltd (IIHL) as Torrent Investments’ plea to keep the decision in abeyance has been rejected. The Mumbai bench of the insolvency tribunal has rejected the Torrent’s plea to keep…