insolvency
Legal trouble con͏ti͏nues ͏to͏ escalat͏e for ͏cash-strapped hyperlocal delivery startup Dunzo, a͏͏s a cre͏ditor͏͏ has ͏appro͏ach͏ed͏ ͏t͏he B͏e͏ng͏aluru͏ ͏͏B͏͏en͏ch͏ o͏f ͏t͏he N͏atio͏na͏l ͏͏Co͏͏mpa͏ny ͏La͏w Tri͏bunal͏,͏ ͏seeking the͏ init͏iation͏ ͏of ͏insolvency proce͏eding͏s͏ ag͏ainst͏ ͏the com͏pany.O͏n͏ J͏uly͏ 22,...
Offering some respite to the troubled hyperlocal startup Dunzo, the National Company Law Tribunal (NCLT) has reportedly granted the Reliance Retail-backed company a two-week period to settle its pending dues with vendor Betterplace Safety Solutions.The latest...
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NCLAT rejects insolvency plea against Aditya Birla Fashion
On Tuesday, the National Company Law Appellate Tribunal (NCLAT) dismissed a plea from an operational creditor seeking to initiate insolvency proceedings against Aditya Birla...
Liquidation looms for Future Retail as buyer search hits roadblocks
Kishore Biyani, renowned as the "Raja of Retail," is facing the imminent collapse of his once-prosperous retail empire. Future Retail, the flagship company, is...
Lenders reject Space Mantra’s bid for Future Retail Ltd; NCLT extends insolvency period by 15 days
The lenders of Future Retail Ltd have rejected Space Mantra's bid for the debt-ridden firm, which is currently undergoing the Corporate Insolvency Resolution Process...
Coffee Day Enterprises shares surge by 20% after successful resolution with IndusInd Bank
Shares of Coffee Day Enterprises Ltd saw a significant 20 percent surge on Wednesday. This remarkable uptick followed a resolution between Coffee Day Global...
Coffee Day Global reaches settlement with IndusInd Bank, NCLAT ends insolvency proceedings
Coffee Day Global Ltd (CDGL) on Wednesday reported that it had reached a resolution with its financial creditor, IndusInd Bank. Consequently, the National Company...
Application filed against Coffee Day Enterprises for insolvency proceeding
An insolvency petition has been submitted against Coffee Day Enterprises in accordance with Section 7 of the Insolvency and Bankruptcy Code of 2016, seeking...
NCLAT halts Coffee Day Enterprises’ insolvency admission amid promoter’s default date challenge
On Friday, the appellate tribunal of the bankruptcy court issued a stay on the admission of Coffee Day Enterprises Ltd (CDEL). This action came...
NCLT appoints Shailendra Ajmera as resolution professional for Coffee Day Global amid insolvency proceedings
National Company Law Tribunal has appointed Shailendra Ajmera, backed by EY, as the resolution professional (RP) for Coffee Day Global, as stated in an...