Domino's pizza stores topple into liquidation, $2m owed, director untraceable – BusinessDesk
Domino’s pizza stores topple into liquidation, $2m owed, director untraceable BusinessDesk Read the original article here
NZ liquidation of tech company Wynyard nears end of long road
To date, Wynyard NZ’s unsecured creditors have been paid just 9c in the dollar. The New Zealand liquidation of delisted crime-fighting software company Wynyard Group is likely to be wrapped up soon, more than eight years after it went into voluntary administration. Liquidators Calibre Partners say in their latest report that the liquidation of one…
How New York Can Help End the Global Debt Crisis
In January, Columbia economics professors Martín Guzmán and Joseph Stiglitz published a report, “How New York State Lawmakers Can Help Address Debt Crises in the Global South,” to support legislative attempts to reform the state’s role in debt restructurings for countries with distressed economies. The report includes recommendations that legislation should blunt incentives for vulture…
NCLT Extends Deadline for Reliance Capital Transfer to IIHL: Rediff Moneynews
The National Company Law Tribunal (NCLT) has given an additional eight days to complete the ownership transfer of Reliance Capital (RCAP) to IndusInd International Holdings Ltd (IIHL). The transaction is expected to be finalized by March 20, 2025. Mumbai, Mar 12 (PTI) The National Company Law Tribunal (NCLT) on Wednesday gave additional eight days to…
Operational Creditor Can Only Trigger CIRP Process When There Is An Undisputed Debt And Default In Payment: NCLAT
The National Company Law Appellate Tribunal, Principal Bench, New Delhi (NCLAT) comprising of Justice Yogesh Khanna (Member (Judicial) and Mr. Ajai Das Mehrotra (Member (Technical) dismissed appeal filed by the operational creditors due to the presence of a pre-existing dispute between the operational creditor and corporate debtor. Brief Facts The present appeal arises out of…