The apex court directed the National Company Law Tribunal (NCLT), Mumbai, to take appropriate steps for appointment of ...

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the auctioning of landed properties and chattels of the failed Heritage Bank.

Of course, liquidation value and book value are not the same ... Still, in my view because the other discount airlines, such ...

After a consortium failed to revive the grounded airline, the Supreme Court has ordered the liquidation of Jet Airways. The ...

Ensuring that liquidation commences as soon as possible would also be in the best interests of the corporate debtor and the creditors including the workmen/employees who are yet to receive their ...

The Nigeria Deposit Insurance Corporation (NDIC) is set to commence the auction of landed properties and chattels belonging to the ...

Liquidation occurs when a company becomes insolvent, meaning that it cannot pay its obligations when they come due. When a corporation is liquidated in the U.S., its creditors are paid in a ...

In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank, the ...

SBI, its largest lender, initiated insolvency proceedings against the company before the National Company Law Triunal in Mumbai, leading to the Corporate Insolvency Resolution Process (CIRP).

Since inception, the IBC has led to a direct recovery of about Rs 3.55 lakh crore due to resolution and Rs 10,446 crore due ...

However, that balance was subsequently reduced to N31.6 billion due to cash remittances before the bank’s liquidation on June 3 ... the Nigeria Deposit Insurance Corporation (NDIC) was appointed as ...

Early resolution is the foundation of a successful insolvency process. SC set a benchmark in the Jet issue by signalling that ...