liquidation

The Corporate Insolvency Resolution Process was initiated against Prag Distillery on June 27, 2017, and the CoC on March 23, 2018 unanimously decided to liquidate the company after it failed to find a buyer.Allowing a Section 12A plea filed…

Presently, AIF Regulations focus on disclosures to investors and do not prescribe any guidelines on the methodology to be adopted. Existing AIFs with a corpus of more than Rs 500 crore and any new AIFs are required to dematerialise their…

Online gaming startup WinZO has announced its third round of ESOP liquidation, providing an opportunity for eligible team members to partially liquidate their vested ESOPs, said a statement issued by the company. The startup had executed…

NEW DELHI: The Supreme Court on Tuesday turned down the plea of workmen to give priority to their dues in case of liquidation of an insolvent company. It upheld Section 53 of the Insolvency and Bankruptcy Code, which limits the dues to 24…

The Supreme Court on Tuesday endorsed a provision of the Companies Act, 2013, that says workers' dues will not get preferential payment in case of liquidation under the Insolvency and Bankruptcy Code, 2016.A bench comprising Justices MR…

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Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday (Apr 23) after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale. The home goods retailer, which shot to popularity in…

Silvergate Capital Corp, one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily.MARKET REACTION: Shares of crypto-related companies fell on Thursday,…

MUMBAI: Big businesses that have gone into liquidation post-bankruptcy have seen a value erosion of over 94% of the admitted creditor claims, according to data collated by the Insolvencyand Bankruptcy Board of India.Since the inception of…

In 2018, Zilingo reportedly splashed out US$1 million to send a number of social media influencers to Morocco for a three-day extravaganza, including camel rides, a hot-air balloon trip, yoga lessons and gourmet dinners. However, a source…