NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Bhushan Energy Ltd after admitting a plea from the country’s largest lender State Bank of India (SBI). A two-member bench of NCLT has appointed Navneet Kumar Gupta as the interim resolution professional (IRP) to initiate insolvency proceedings. Bhushan Energy Ltd, the…
Read more on From Around The Web More from The Economic Times #pd#’;var orghtmlD = ‘”{{titleLength}}60{{titleLength}}”,#og##og#’;*/function tWpxIGIKfHF(par) { if(typeof otab == ‘function’){ otab(par,”); } else{if(typeof canRun == ‘undefined’ || (typeof canRun != ‘undefined’ && !canRun)) { window.open(par,’_blank’);}else{window.op… Read the full article at: https://economictimes.indiatimes.com/markets/stocks/news/will-gujarat-nre-be-liquidated-in-new-manner/articleshow/62433510.cms
ICONIC Australian footwear, clothing and accessories label Diana Ferrari will close all bricks-and-mortar stores within months. In a statement to shoppers, the company announced the brand’s 23 retail boutiques and 11 clearance outlets will all shut down in the coming months. The label will continue to maintain an online presence. “All Diana Ferrari stores will…
PTI| Updated: Jan 09, 2018, 07.20 PM IST The company said in a BSE filing that the RP has on close of business on January 4, 2018 received 4 resolution plans. NEW DELHI: Debt-laden Electrosteel today said four companies including Vedanta and Tata Steel have submitted bids to its Resolution Professional (RP), under the insolvency…
Fashion retailer Cue is set to become the first major bricks and mortar retailer in the country to offer free three-hour delivery throughout Australia, as more and more retailers are forced to invest in innovative logistics solutions to compete with online shopping giants. The move by Cue comes on the back of a better than expected Christmas and…
By Varun Marwah & Zacarias Kanjirath Joseph Introduction In yet another landmark judgment for the bankruptcy regime in India, the Bombay High Court has ruled that an Application under the Insolvency and Bankruptcy Code, 2016 (IBC) may be made even in cases where a Winding-Up petition has been admitted by a Company Court. Such an…
, ET Bureau| Jan 09, 2018, 09.47 AM IST The employees had presented a resolution plan which provides higher payback to lenders (Rs .500 crore) as against Rs 350 crore liquidation value. Mumbai: The National Company Law Tribunal has sought Gujarat NRE Coke‘s employee details as it is expected to deliver on Tuesday its final…
ICONIC Australian footwear, clothing and accessories label Diana Ferrari will close all bricks-and-mortar stores within months. In a statement to shoppers, the company announced the brands 23 retail boutiques and 11 clearance outlets will all shut down in the coming months. The label will continue to maintain an online presence. All Diana Ferrari stores will…
ICONIC Australian footwear, clothing and accessories label Diana Ferrari will close all bricks-and-mortar stores within months. In a statement to shoppers, the company announced the brand’s 23 retail boutiques and 11 clearance outlets will all shut down in the coming months. The label will continue to maintain an online presence. “All Diana Ferrari stores will…
FIONA GOODALL/GETTY Models showcase Andrea Moore designs at New Zealand Fashion Week 2017. Iconic Kiwi fashion brand Andrea Moore has gone into liquidation after nearly 20 years in business. The label’s managing director, Brian Molloy, said “highly damaging” late deliveries, crippling creditor payment defaults and extensive roadworks outside both its Auckland and Christchurch stores constrained…