ISLAMABAD: Secretary Cabinet, Sardar Ahmad Nawaz Sukhera has reportedly blocked PIA’s restructuring plan prepared by the Prime Ministers Advisor on Institutional Reforms and Austerity (IR&A), Dr Ishrat Hussain, arguing that it would not be in accordance with Rules of Business, 1973 to take any decision, especially when it entails large sums of public money on…
Advanced Building & Construction Limited (which trades as AdBuild) had about 30 projects on the go, though it was not being used to supply prefabs to leak-hit Hutt Valley High School. Hutt High is instead expecting to get a total of 16 new prefabs from Portacom, the first four in August, then the others through…
Introduction Filing for insolvency is not optional Debt restructuring followed by liquidation as an alternative Points of attention and key differences between insolvencies and liquidations Comment Introduction On 16 January 2021 the Supreme Court reconfirmed that a liquidated company is deemed to survive passively for five years further to the publication of the closure of…
Hyderabad: The National Company Law Tribunal (NCLT) at Hyderabad has ordered liquidation of Meena Jewellers Diamond Pvt Ltd (MJDPL), Meena Jewellers Pvt Ltd (MJPL) and Meena Jewellers Exclusive Pvt Ltd (MJEPL) for their failure to repay Rs 254 crore loan availed from SBI.Though the two-member NCLT bench, comprising BP Mohan, member (judicial), and A Veera…
A sports fan who lost 40,000 in a month – including 20,000 in just one night – has spoken about his online gambling addiction which left him heavily in debt. Craig Walding said before the Covid pandemic he saw nothing wrong with placing an occasional bet when watching the football at the weekend. But just…