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NCLT approves Chemhub's resolution plan for Pancard Clubs

Chemhub Tradelink's plan for Pancard Clubs, approved by NCLT, involves Rs 8,900 crore debt claims with 8% recovery for creditors. The resolution process included bidders like Ashdan Properties and Vijay K. Oswal, with oversight from Deloitte and representation by Nausher Kohli.

India , Nausher-kohli , Rajesh-sureshchandra-sheth , Chemhub-tradelink , Madan-vaishnava , Vijayk-oswal , Ashdan-properties , Deloitte , National-company-law-tribunal , Pancard-clubs , Sureshchandra-sheth , Corporate-insolvency-resolution-process

Media Insider: Film production firm Stripe Studios (Comedy) Ltd owes $2.25m, including more than $600,000 to US comedian and actress - liquidator's report

For the first time, details have emerged of the extent of financial problems behind a film production firm - a liquidator’s report reveals how the company’s...

Auckland , New-zealand , United-states , American , David-hasselhoff , Mark-wahlberg , Keaton-pronk , Alex-breingan , Vanessa-kirby , Iliza-shlesinger , Stripe-studio-comedy-ltd , Film-commission

Trev Terry Marine creditors include BNZ, Wells Fargo - boat company owes $16.6m

A family-owned boat business placed in receivership owes $16.58 million to creditors, including two major banks and numerous marine equipment suppliers....

Otago , New-zealand , Invercargill , New-zealand-general- , Neale-jackson , Haines-hunter , Natalie-burrett , Trev-terry , Hayden-vaughan , Brock-terry , Wells-fargo , Trev-terry-marine

HDIL insolvency: Financial creditors to meet on March 9-10

HDIL insolvency: Financial creditors to meet on March 9-10 : Rashtra News #HDIL #insolvency #Financial #creditors #meet #March Financial creditors of HDIL will meet on March 9-10 to discuss bids for acquiring the crisis-hit realty firm through insolvency proceedings. In a regulatory filing on Saturday, HDIL's Resolution Professional Abhay N Manudhane informed that the "Twenty-Third

India , Mumbai , Maharashtra , Abhayn-manudhane , National-company-law-tribunal , Committee-of-creditors , Housing-development , Infrastructure-ltd , Professional-abhayn-manudhane , Resolution-professional , Prospective-resolution-applicants , Corporate-insolvency-resolution-process

Future group firms to convene shareholder, creditors meeting in April

Future group firms to convene shareholder, creditors meeting in April : Rashtra News #Future #group #firms #convene #shareholder #creditors #meeting #April The NCLT had given a go-ahead for convening meetings of shareholders and creditors of respective Future group companies for approval of the scheme of merger and transfer of the business to Reliance Retail. Listed

Mumbai , Maharashtra , India , Reliance-group , Reliance-retail-ventures-ltd , Reliance-industries , National-company-law-tribunal , Enterprises-ltd , Consumer-ltd , Retail-ltd , Kishore-biyani-led-future

PBOC Chief Urges Clarity on Burden Sharing for Debt Relief

The head of China’s central bank wants creditors engaged in debt restructurings for emerging market countries to agree on how to fairly share the burden of relief, according to people familiar with the situation.

Saudi-arabia , Sri-lanka , World-bank , District-of-columbia , United-states , China , Zambia , Beijing , Paris , France-general- , France , Ghana

At 269, Insolvency and Bankruptcy Code resolutions hit record

India Business News: Steps by NCLT, govt, and IBBI led to a record number of cases being decided, with an improvement in lending culture and resolution ratio. Promoters re

India , National-company-law-tribunal , Bankruptcy-board , Bankruptcy-code , Business-news , Nclt , Liquidation , Lending-culture , Insolvency-and-bankruptcy-code , Ibc-resolutions , Creditors

Wishbone liquidation: Outlook grim for creditors owed $6.8 million from popular cafe chain

Creditors are set to be left with a significant shortfall after liabilities for popular cafe chain Wishbone have nearly tripled since the initial...

Wellington , New-zealand-general- , New-zealand , Andrea-gibson-scarlett , Shayne-scarlett , Mohammed-jan , Heartland-bank , Office-max , Meridian-energy , Revenue-department , Precinct-properties , Woodward-group

Nova Austral's fine for environmental damage confirmed

The Chilean salmon farmer will have to pay the USD 940,350 fine for environmental damage imposed by Chile's Environmental Superintendency.

Chile , Chilean , Altor-fund , Nova-austral , Bain-capital , Nordic-trustee , Creditors-secured , Chilean-antarctica , Fine , Environmental-damage , Court

Media Insider: TVNZ talks funding with NZ On Air, Rich Lister blasts 'cancel culture hypocrisy'; rural Saturday paper delivery at risk

TVNZ talks with NZ On Air over funding for Sunday, Fair Go; The Platform co-founder targets “cancel culture hypocrisy”; Warriors marketing boss on how the...

Whanganui , New-zealand-general- , New-zealand , Sean-plunket , Shayne-currie , Christopher-luxon , Reay-neben , Cameron-harland , Zain-mohammed , Wayne-wright , Katie-harris , Kris-hadley