Corporate Restructuring Companies Act 2016: Bill to facilitate revival of distressed assets, cos – Business Recorder

Restructuring

ISLAMABAD: The National Assembly has passed major amendments in the The Corporate Restructuring Companies Act 2016 to enable Corporate Restructuring Companies (CRCs) operate efficiently and extend financing facilities for carrying out the purposes of the CRC Act. The Corporate Restructuring Companies (Amendment) Bill 2021 was approved in NAs session on June 10, including other 20…

Sole Decision of Related Parties Financial Creditors Could Be Fatal for Existence of Corporate Debtor: NCL … – taxscan.in

Liquidation

By Taxscan Team – On June 13, 2021 6:59 pm Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June The National Company Law Appellate Tribunal (NCLAT), Delhi Bench while quashing the Liquidation Proceedings ruled that the sole decision of related parties Financial Creditors could…