The administrators of Safe Hands Plans, the pre-paid funerals company whose collapse has left 46,000 customers with a combined £60 million shortfall, have succeeded in appointing liquidators to a Cayman Islands company where customer money was funnelled. The appointment of independent insolvency practitioners over Navigator in the offshore tax haven was made after concerns about…
The NCLAT has ruled that EPFO can initiate assessment proceedings during liquidation of a company under IBC. This clarifies the scope of moratorium provisions under the IBC. New Delhi, Jan 3 (PTI) The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation…
New Delhi, Jan 3 (PTI) The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation process starts against any debt-ridden company under the IBC. However, it also clarified that once a debt-ridden company is protected under moratorium after the initiation of insolvency…
The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation process starts against any debt-ridden company under the IBC. However, it also clarified that once a debt-ridden company is protected under moratorium after the initiation of insolvency proceedings against it, the Employees’…
New Delhi, Jan 3 (PTI) The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation process starts against any debt-ridden company under the IBC. However, it also clarified that once a debt-ridden company is protected under moratorium after the initiation of insolvency…
In Heidelberg, Germany, it was business as usual. The polymer production line was pushing out materials for packaging and postage. The service bureau arm of the business continued to provide printed parts. Up the road in Frankfurt, public-facing employees were making connections, promoting products and highlighting application success stories. Is that piquing your interest? Probably…
The Insolvency Appellate Tribunal has stated that statutory bodies, including the Employees’ Provident Fund Organisation (EPFO), can initiate assessment proceedings once the liquidation process begins for any insolvent company under the Insolvency and Bankruptcy Code (IBC). Importantly, the tribunal also underscored that during the moratorium period triggered by the insolvency proceedings, no such assessment…
The Jubilee Year is, for many, about making a pilgrimage to Rome, walking through one of the Holy Doors at the various basilicas. Thanks to Pope Francis, there is a Holy Door at the Rebibbia prison. Such pilgrimages confer a plenary indulgence, the remission of temporal punishment for sins already forgiven, on those who make them.…