Mumbai: Nirmal Lifestyle has filed an appeal before the National Company Appellate Law Tribunal (NCLAT) against a recent order of the Mumbai bench of the National Company Law Tribunal (NCLT), which admitted an insolvency resolution petition against the company. A corporate debtor, the company had failed to make a payment of Rs 286 crore under…
DetailsTwo meetings of groups of creditors of indebted Ocho Rios attraction Mystic Mountain Limited, MML, held during the past week, have failed to resolve issues related to whether the beleaguered company will be declared bankrupt and its assets sold off to repay bondholders and other persons and institutions it owes money. Unresolved, too, is whether…
DetailsMUMBAI: Nirmal Lifestyle Ltd has filed an appeal before the National Company Appellate Law Tribunal (NCLAT) against a recent order of the Mumbai bench of the National Company Law Tribunal (NCLT) which admitted an insolvency resolution petition against the company.The company, a corporate debtor, had failed to make payment of Rs 286 crores under the…
DetailsThe National Company Law Tribunal, Hyderabad, has initiated corporate insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, against Sankhya Infotech Limited. The Bench of Madan Balachandra Gosavi, Member Judicial, and Veera Brahma Rao Arekapudi, Member Technical, while initiating insolvency proceedings, appointed Jagdees Kumar Morri as Interim Resolution Professional. The proceedings were initiated by Pudhota…
DetailsLiam Henderson in action for US Lecce during a Coppa Italia clash with Torino The 25-year-old spent the second half of the 2019/20 season on loan at the Stadio Carlo Castellani, scoring once in 17 appearances before returning to parent club Hellas Verona. Henderson could be involved in Empolis Coppa Italia clash with Vicenza this…
DetailsSees free cash flow before M&A at -1.2 to -1.5 bln eur Steel unit swings to adj EBIT of 19 mln euros No decision on future steel unit before spring 2022 Shares down as much as 7.7% FRANKFURT, Aug 11 (Reuters) – Thyssenkrupp (TKAG.DE) on Wednesday flagged a cash gap of up to 1.5 billion…
DetailsHaving shared the ins and outs of a director changing their name to avoid a disqualification, a similar situation occurred to me which happens and that is the re-use of a company name following liquidation, writes Gareth Wilcox, partner at Opus Restructuring & Insolvency If I place my company into liquidation, can I still be…
DetailsWASHINGTONMost Republican senators have signed on to a pledge to force Democrats to raise the debt ceiling through procedures that dont rely on GOP votes, escalating the political tug of war over who is responsible for keeping the U.S. from defaulting. Sen. Ron Johnson (R., Wis.) said in an interview that some 46 Republicans have…
DetailsCloudera Inc.s roughly $5.3 billion deal to go private and join the booming private-equity world just got a boost from the debt market. The Silicon Valley company completed a $2.14 billion loan financing on Tuesday, as part of a bid by private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC to take the…
DetailsThe dedicated bankruptcy court dismissed the plea for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against the IT firm Rolta India on Tuesday, observing that the court could not ignore the substantial claims of Financial Creditors because of the purported settlement of employees of the company. One of Rolta Indias employees had filed…
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