Fresh start for Planet Ark after VA exit

Planet Ark Environmental Foundation (Planet Ark) has officially exited voluntary administration today, following the unanimous approval of a Deed of Company Arrangement (DOCA) by creditors at a meeting held on 13 June. The development marks a pivotal moment in the organisation’s three-decade history, paving the way for a return to normal operations under the leadership…

NCLAT permits RP to Issue Fresh Form G and to Invite Eol from New Eligible Resolution Applicants by strictly Adhering to Time Bound CIRP Process

In a recent ruling, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) permits the Resolution Professional (RP) to issue a fresh Form G and to invite expressions of interest (EoI) from new and eligible resolution applicants by strictly adhering to the time-bound CIRP process. JM Financial Asset Reconstruction Company Ltd, the appellant,…