Axis Bank has approached the National Company Law Tribunal (NCLT) with a plea seeking insolvency proceeding against Zee Learn, said the education services provider in a regulatory filing to the stock exchanges on December 26. “This is to inform you that a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been…
More than 50 creditors are owed some $1.2 million, and a job at an elite school was left unfinished after a gold coast construction company was liquidated. W3D Constructions Pty Ltd, owned by Ross Wolbers, the son-in-law of prominent Gold Coast developer Norm Rix, went into liquidation on December 7. The company was building multimillion-dollar…
Axis Bank (Photo: Bloomberg) Private lender Axis Bank has filed a plea before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn, the education services provider said on Wednesday. Zee Learn disclosed in an exchange circular that it had received a notice from the Mumbai bench of NCLT. “A petition under Section…
Education company Zee Learn Ltd on Tuesday (December 26) said private lender Axis Bank Ltd has filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition aims to initiate the corporate insolvency resolution process (CIRP) for Zee Learn before the National Company Law Tribunal (NCLT) in Mumbai. The company is…
More than 50 creditors are owed some $1.2 million, and a job at an elite school was left unfinished after a Gold Coast construction company was liquidated. W3D Constructions Pty Ltd, owned by Ross Wolbers, the son-in-law of prominent Gold Coast developer Norm Rix, went into liquidation on December 7. The company was building multimillion-dollar…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…