Issues arising in the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, are being resolved by decisions of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), which are vested with the powers of adjudicating authority under the code, as well as by the Supreme Court. Aditya…
DetailsREI Agro, a firm that claims to have a 22 per cent share in the worlds basmati rice market, has gone in for liquidation after the National Company Law Tribunal (NCLT) ordered it to do so. Sources in the know of the matter said the makers of India Gate basmati rice, the…
DetailsCHRIS HUTCHING/STUFF Steel construction became more popular after the 2011 earthquakes in Christchurch. The main secured creditor of Christchurch-based Challenge Steel which went bust last year has been repaid $6727 – but further significant recovery of the total $10 million debt is unlikely. About $6m of the $10m was owed to 40 unsecured creditors which included suppliers and sub contractors.…
DetailsLanco Infratech, currently under insolvency proceedings, today said its Resolution Professional (IRP) is approaching the National Company Law Tribunal (NCLT) seeking approval for “the company’s liquidation or any other direction” as “a potential buyer has come with a revised “resolution plan”. The revised plan had been submitted by Thriveni Earthmovers, a Tamil Nadu-based infra and…
DetailsIt was the culmination of a fascinating and gripping title race that had it all: twists and turns, ups and downs, unpredictability, world-class talent, a fairytale story, and a final day destined to be monumental and unforgettable. Indeed, 5 May 2002 proved to be all that and more. It was a turning point in the…
DetailsIn this April 18, 2018, file photo, a graphic from Cambridge Analytica’s Twitter page is displayed on a computer screen in New York. A published report said the data firm at the center of Facebook’s privacy debacle is closing its doors. (AP Photo/Mark Lennihan, File) The company at the center of the Facebook privacy scandal,…
DetailsVI Fitness Centres members, trainers and staff showed up Wednesday to find the doors locked at its eight Island locations, and printed notices declaring the company is bankrupt. Spencer Salmond, five-year VI Fitness trainer at the University Heights location in Saanich, said he received emails from clients asking what was happening that morning. But nobody from…
DetailsNews Danny McCance 3 May 2018 04:17pm A round-up of this week’s appointments, promotions, board moves and resignations … Read the full article at: https://economia.icaew.com/en/news/may-2018/movers-and-shakers-3-may
DetailsLONDON (AP) The company at the center of the Facebook privacy scandal, political consultancy Cambridge Analytica, is going out of business. But that doesn’t mean those behind the entity will escape the scrutiny of regulators. As authorities continue to investigate the use of the data of millions of people, here’s a look at what the…
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