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NCLT admits Cox & Kings Financial Services for insolvency resolution


NCLT admits Cox & Kings Financial Services for insolvency resolution
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This is the second listed firm promoted by Ajay Kerkar to be admitted under the Corporate Insolvency Resolution Process (CIRP) since the flagship firm and travel company Cox & Kings Ltd is also going through an insolvency resolution process.
Agencies
YES Bank had approached the Mumbai bench of the National Company Law Tribunal (NCLT) after the company defaulted on its dues of over Rs 445 crore.
The dedicated bankruptcy court has admitted the insolvency petition against Cox & Kings Financial Services Limited (CKFSL) and appointed Pardeep Kumar Sethi as interim resolution professional (IRP) for the company. ....

Ajay Kerkar , Urmila Kerkar , Janab Mohammed Ajmal , Pardeep Kumar Sethi , Cox Kings Financial Services Limited , Cox Kings Ltd , National Company Law Tribunal , Cox Kings Financial Services , Kings Financial Services Limited , Corporate Insolvency Resolution Process , Kings Ltd , Kings Financial Services , Chandra Bhan Singh , Rattan India Finance , ஜனாப் முகமது அஜ்மல் , காக்ஸ் கிண்ஸ் லிமிடெட் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , காக்ஸ் கிண்ஸ் நிதி சேவைகள் , கிண்ஸ் நிதி சேவைகள் வரையறுக்கப்பட்டவை , பெருநிறுவன நொடித்துப்போனது தீர்மானம் ப்ரோஸெஸ் , கிண்ஸ் லிமிடெட் , கிண்ஸ் நிதி சேவைகள் , சந்திரா பன் சிங் , ராத்தன் இந்தியா நிதி ,

NCLT admits insolvency proceedings against Tops Security


NCLT admits insolvency proceedings against Tops Security
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​​Punjab National Bank (International) Ltd had on March 16 last year approached the tribunal seeking initiation of corporate insolvency resolution process against Topsgrup after its UK-based subsidiary The Shield Guarding Company allegedly defaulted on dues of over ₹136 crore.
Agencies
Shield Guarding s loans were declared a NPA in November 2015.
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted insolvency proceedings against Topsgrup Services and Solutions, popularly known as Tops Security.
The bench has also appointed chartered accountant Rajendra Karanmal Bhuta as interim resolution professional (IRP) to oversee the company’s day-to-day affairs and revival plans. ....

Rajendra Karanmal Bhuta , Suchitra Kanuparthi , Topsgrup Services , National Company Law Tribunal , Punjab National Bank International Ltd , National Bank , United Kingdom Based , Shield Guarding Company , Chandra Bhan Singh , Tops Security , Topsgrup Services And Solutions , சூச்சித்ர கணுபார்த்தி , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , பஞ்சாப் தேசிய வங்கி சர்வதேச லிமிடெட் , தேசிய வங்கி , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது , கவசம் பாதுகாத்தல் நிறுவனம் , சந்திரா பன் சிங் , டாப்ஸ் பாதுகாப்பு ,