New Delhi: The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (Sebi) to de-attach the properties of a corporate debtor attached during its execution proceedings. The matter brings into focus the issue of the in-built disagreement between the Sebi Act and the provisions of…
Daily News View All News 16 May 2019 Wise Group (WISE:SS), the Swedish staffing firm reported revenue yesterday for the first quarter ending 31 March 2019 of SEK 244.1 million (22.7 million), an increase of 7.3% compared with the same quarter last year. (SEK millions) Q1 2019 Q1 2018 Change Q1 2019 ( millions) Revenue…
Debt is a central way of talking about the personal and communal obligations we have to each other, given that no one is island unto themselves: we not only owe our existence to others, we depend on others just to survive, let alone thrive. Debt as a way of framing moral relations extends beyond Christianity.…
Pursuant to Regulation 30 (2) of SEBI (LODR) Regulations, 2015 (LODR) and in accordance with the requirements of Sub Cl 16 (g) of Clause A of Part A of Schedule III of LODR, we wish to inform you regarding the outcome of 3rd meeting of COC of Punj Lloyd Limited (Company) held on 08.05.19 in…
The gaming market is changing at a rapid pace. With the shift to online and mobile gaming and now the advent of new immersive technologies like augmented and virtual reality operators face intense competition in terms of attracting customers, with ongoing innovation key to their success. But in such an environment, new issues will arise…
Harini Subramani Its three years since the Parliament passed the Insolvency and Bankruptcy Code, but its implementation is fraught with teething troubles. Endless delays in the resolution process under the code appear to be its Achilles heel. A recent report released by Crisil and Assocham has quoted Insolvency & Bankruptcy Board of India data which…
Varun Marwah May 16 2019 The Principal Bench of National Company Law Tribunal (NCLT) recently ordered de-attachment of properties belonging to a corporate debtor, which were attached as part of execution proceedings by the Securities and Exchange Board of India (SEBI). The attachment order was also upheld by the Securities Appellate Tribunal (SAT). This particular…
Cryptopia, the New Zealand-based Bitcoin exchange hacked in January 2019 is shutting down for good and going into liquidation. A couple of liquidators from Grant Thornton have already been tasked with the job of security assets belonging to stakeholders of the company. Cryptopia joins others like Mt. Gox in failing to recover from a cyber…
Australias largest LGBTIQ+ publication has announced today they have entered voluntary administration and are up for sale. Star Observerhas been running in its various forms since it was founded in 1979. Star Observers Chairman Sebastian Rice says that cash flow is the life blood of any small organisation. TheStar Observer is an LGBTI community owned…
Melbourne-based independent brewery Sample Brewing is in the market for a buyer after bringing in administrators earlier this week. The business, stocked by hundreds of bars, pubs and bottleshops including Dan Murphys and Liqourland handed over control to Shane Cremin of Rodgers Reid on Tuesday. SmartCompany has confirmed Cremin is trading the business as usual…