insolvency - Samachar Central

Suspended board of Jaiprakash Associates moves NCLAT, challenges insolvency proceedings

2024-06-10 10:44 PM

The suspended board of debt-ridden Jaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. The suspended board of debt-ridden Jaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. (Picture for representational …

Snehanjali S. B. Developers admitted under insolvency

2024-03-11 04:52 AM

Mumbai: The National Company Law Tribunal (NCLT) has admitted real estate developer Snehanjali S. B. Developers Pvt Ltd for insolvency. The tribunal has appointed Dinesh Kumar Deora as the interim resolution professional for the company. Snehanjali’s promoters—Jagdish and Gautam Ahuja – have been under the scanner of various police and investigating agencies for allegedly cheating …

Irish court holds Indian directors liable for DQE Ireland’s $30 mn debt

2023-12-18 09:39 PM

Irish court holds Indian directors liable for DQE Ireland’s mn debt

NEW DELHI :Three Indian directors of Hyderabad-based DQ Entertainment International Ltd’s Irish subsidiary have been held to be personally liable for the company’s debt, totaling about $30 million. The Commercial Court in Ireland in a recent ruling said it had found the three directors–Rashida Adenwala, Tapaas Chakravarti, and Sanjay Choudhary–to have knowingly engaged in business …

NCLT admits Sahara group subsidiary into insolvency

2023-12-08 10:12 PM

MUMBAI :The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai bench of the tribunal, led by Justice Kishore Vemulapalli, held that Sahara Q Shop Unique Products Range had defaulted …

Huobi Stirs Insolvency Speculation Amid Drop in Total Value Locked, Records $64 Million in Outflows: Report

2023-08-07 03:33 PM

Huobi Stirs Insolvency Speculation Amid Drop in Total Value Locked, Records Million in Outflows: Report

The Huobi crypto exchange has sparked concern within the crypto industry, with many speculating that the exchange may be facing insolvency. Several factors contribute to these rumors, suggesting that the exchange is in serious financial distress. This includes significant outflows from the exchange in recent days, leading to a drastic drop in the total value …

Go First Receives Approval from DGCA and Resumes Scheduled Flight Operations under Specified Conditions

2023-07-21 05:21 PM

Image Source : PTI Go First had cancelled all flights since May 3 due to operational reasons The financially challenged budget carrier, Go First, announced on Friday that it will resume scheduled flight operations after obtaining approval and availability of flight schedules from the Directorate General of Civil Aviation (DGCA), along with additional conditions. Go …