NCLT approves Rs 47-crore resolution plan for HBS Auto & ANC SEZ

The National Company Law Tribunal (NCLT), Mumbai Bench-I, has approved the Rs 47.08 crore resolution plan for HBS Auto & ANC SEZ Pvt. Ltd, a Mumbai-based real estate development company specializing in Special Economic Zones (SEZ) and infrastructure projects. The resolution plan, submitted by a consortium of Mahansaria Tyres Pvt. Ltd. (MTPL) and Lotus Ornaments Pvt. Ltd. (LOPL), was approved…

Creditor personal information and privacy issues i…

Two recent decisions of the Federal Court have engaged with the interface of privacy rights arising pursuant to legislation and dealing with creditor personal information as required by the Corporations Act 2001 (Cth). Personal information protected under the Privacy Act 1988 (Cth) includes information about an identified individual, or an individual who is reasonably identifiable.…

Bankruptcy, insolvency & corporate restructuring | Deloitte | Legal Services | Solutions

The global financial crisis has pushed many businesses into a state of instability. When companies are struggling with difficult choices, Deloitte Legal can assist with suggesting options to help recovery, such as restructuring outside of insolvency proceedings, a structured sale or provide assistance with judicial insolvency proceedings. We work with companies in distress as well…

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