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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Rakesh Wadhawan Opposes Suraksha ARC’s ₹1,709 Crore Claim In HDIL Insolvency Case, Alleges Fraud And Threatens NCLT Action

Rakesh Kumar Wadhawan, the suspended director of Housing Development and Infrastructure Limited (HDIL) | File Photo Mumbai: Rakesh Kumar Wadhawan, the suspended director of Housing Development and Infrastructure Limited (HDIL), has addressed a letter to Abhay Manudhane, the Resolution Professional (RP) appointed in HDIL’s Corporate Insolvency Resolution Process (CIRP), strongly objecting to his decision to…

David Stern denied NBA conspiracy that Michael Jordan’s retirement was actually a ban for ‘compulsive’ gambling

Michael Jordan’s love of gambling is the stuff of legend. The six-time NBA champion was fiercely competitive and had a win-at-all costs mentality, both on and off the court. 7 Jordan is widely considered the greatest basketball player everCredit: Getty However, MJ always maintained that he had a “competition problem” rather than a gambling problem.…

The Insolvency Landscape in Zambia

The Corporate Insolvency Act No. 9 of 2017 (“the Act”) is Zambia’s first stand-alone insolvency legislation. It establishes a regulatory scheme for insolvency practitioners who are required to be licensed by the Patents and Companies Registration Agency (PACRA). The Act provides for various insolvency procedures, such as administration, receivership, liquidation, and schemes of arrangement. It…