Coffee Day Enterprises Ltd, which operates the Cafe Coffee Day outlets, said on Friday that an application has been filed at NCLT against the company under Section 7 of Insolvency and Bankruptcy Code. The application has been filed by IDBI Trusteeship Services before National Company Law Tribunal, Bengaluru for alleged default of Rs 228 crore.…
The British arm of TIOmarkets, TIO Markets UK Limited, went under “consolidation [and] restructuring” in 2022, pushing its yearly revenue down to $34,171. In the previous year, the company reported a revenue of $150,961. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. Alibaba Cloud helps Forex traders to operate…
The Insolvency Service Updated 4 August 2023 Applies to England and Wales Contents 1. Introduction 2. Executive summary 3. How to respond 4. The personal insolvency framework 5. Areas for consideration 6. Call for evidence questions 7. What happens next? Print this page Crown copyright 2023 This publication is licensed under the terms of the…
It looks like theres a revival coming for Fenton & Fenton. The eclectic Melbourne-based interiors label which went into liquidation in early August has been acquired by the Berkowitz Furniture group and is set to resume trading before the end of the year. Under the deal, founder Lucy Fenton will stay on as creative director…
Overseas companies entering the Indian market through the wholly owned subsidiary route do so with hope and expectation. While the majority of ventures have worked out well, there have been instances where the subsidiary failed to take off or encountered operational issues requiring hard decisions on its operations in India. When faced with such challenges,…
A failed Australian furniture retailer has been saved at the last minute in a white knight rescue that will see customer orders honoured. Last month, news.com.au reported that Fenton & Fenton, a Melbourne-based homewares boutique, had entered into liquidation. News of its collapse sparked concern from customers who were worried they wouldnt receive the furniture…