Credit: Michael Duva / Getty Images Last week, we talked about the Sun Cable as one of five energy projects to watch for in 2023 on The Science Briefing. A day later, the company announced it was going into voluntary administration. So, what exactly is the Sun Cable and why is it in trouble? What…
A bankruptcy court on Thursday admitted military-focussed software developer Rolta India for the corporate insolvency resolution process (CIRP), allowing a petition filed by state-owned Union Bank of India. The Mumbai Bench of the National Company Law Tribunal (NCLT) appointed Mamta Binani as the interim resolution professional for the listed firm. Union Bank had approached the…
To further strengthen the insolvency law regime, the government on Wednesday proposed a raft of changes, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution…
It’san ambitious project that was destined to be difficult. The mission:To turn the blistering heat of the Northern Territory into a solar energy powerhouse supplying electricity to Singapore and Darwin. The method: By building a giant 20-gigawatt solar farm supportedby the world’s biggest battery network that connects to Darwin, before continuing to Singapore via a…
To further strengthen the insolvency law regime, the government on Wednesday proposed a raft of changes, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution…
The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code, which came…
The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. The Code has already undergone various amendments. “To strengthen…
The new year is bringing challenges for many businesses. The BBC announced last week that the restaurant chain Byron Burger has said it will close nine restaurants and cut 218 jobs in another restructure of its business.According to the BBCs analysis of corporate insolvency notices, in December 2022 it found that 320 businesses in the…
Gilbert + Tobin advised Roofoods Ltd in relation to the voluntary administration of its Australian subsidiary, Deliveroo Australia Pty Ltd.Andrew Knight, Craig Shepard and Michael Korda This content is for members only.Login to Read More Join Now PrintFriendly Read the full article at: https://globallegalchronicle.com/deliveroo-australias-voluntary-administration/
Gayatri Projects was admitted for CIRP proceedings after State Bank of India filed an application under Section 7 of the IBC claiming that the firm defaulted on Rs 242.33 crore loans. CR Sukumar January 17, 2023 / 08:06 PM IST Representative image. The lenders have invited expressions of interest (EoI) from the prospective resolution applicants…