Insolvency Proceedings Can’t Be Initiated Against Corporate Debtor For Non-Payment Of Debt When Creditor Owes Larger Amount To Debtor: NCLT Delhi

The National Company Law Tribunal (NCLT), Mumbai bench of Justice V. G. Bisht (Judicial Member) and Shri Prabhat Kumar (Technical Member) dismissed a section 7 petition on the ground that Financial Creditor cannot seek insolvency of a debtor alleging default in payment of a financial debt when such creditor owes more than the amount claimed…

Iconic fish market hits back at collapse claim

The Sydney Fish Market has rejected claims it is on the brink of financial collapse. Picture: NewsWire / Nikki Short The largest fish market in the southern hemisphere has hit back at claims it is close to financial collapse. The Sydney Fish Market (SFM), responding to reports it was confronting an $8m loss for 2023-24…

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