A Supreme Court Bench of Justice Rohinton Nariman and Justice Sanjay Kishan Kaul yesterday exercised powers under Article 142 of the Constitution to record consent terms between the parties post admission of the application under Insolvency and Bankruptcy Code, 2016. The Mumbai Bench of NCLT had, in June 2017, initiated corporate insolvency resolution process against the…
NEW DELHI: Shares of Amtek Auto fell over 4 per cent in Tuesday’s trade after the debt-ridden auto component maker said that insolvency proceedings initiated by a consortium of banks led by Corporation Bank has been accepted by the National Company Law Tribunal (NCLT). Following the development, the stock fell 4.49 per cent to Rs…
S.Korea reviewing restructuring of construction industry | Asian Legal Business S.Korea reviewing restructuring of construction industry South Korea’s finance ministry said on Tuesday it plans to announce measures to re… Read the full article at: http://www.legalbusinessonline.com/news/skorea-reviewing-restructuring-construction-industry/74684
Chemical waste from cooking drugs, carelessly discarded by Canberra’s own Walter White, led the authorities to Stanley Hou’s drug lab. The chemicals were picked up by water testers, who triggered a six-month search for the source of the contamination that uncovered a commercial grade clandestine drug lab capable of producing $10-20 million of MDMA. Busted: Stanley Hou,…
The Supreme Court of New South Wales has allowed close to a thousand disgruntled Dick Smith shareholders to file their class action against the collapsed retailer. Dick Smith’s directors placed the company into receivership in January 2016 after failing to secure enough funding from its lenders to continue operating the business. The collapse has…