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PANCARD CLUBS INSOLVENCY
NCLT approves Chemhub's resolution plan for Pancard ClubsChemhub Tradelink's plan for Pancard Clubs, approved by NCLT, involves Rs 8,900 crore debt claims with 8% recovery for creditors. The resol...- NCLT dismisses plea against Pancard Clubs resolution planThe National Company Law Tribunal (NCLT) dismissed Ashdan Properties' petition against Chemhub Tradelink's approved resolution plan for Pan...
- Pancard Clubs gets three firm offers for ₹5,034-cr debtThe company, which develops and operates hotels and resorts, is undergoing an in-court resolution process and more than 1.5 million financi...
- NCLAT turns down Sebi plea seeking to block insolvency of Pancard ClubsNational Company Law Tribunal had admitted Pancard Clubs for insolvency proceedings on 9 September and appointed Rajesh Sheth as the compan...
- NCLT directs Sebi to give information to RP of Pancard ClubsSebi is investigating the company for running an unregistered collective investment scheme (CIS). The scheme was allegedly an investment sc...
- Sebi moves NCLAT to block resolution of Pancard ClubsThe Securities and Exchange Board of India (Sebi) is investigating Pancard Clubs for allegedly running an unregistered collective investmen...
- The bankruptcy court admits Pancard Clubs to insolvency resolution processThe petitioners invested approximately Rs 1.55 crore in a holiday timeshare scheme offered by the company, called CIS Holiday Time Share Sc...
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