Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-sets-aside-future-consumer-s-plea-for-insolvency-against-aussee-oats-125092901212_1.html” on this server. Reference #18.529c3e17.1759161576.1abbf324 https://errors.edgesuite.net/18.529c3e17.1759161576.1abbf324 Read the original article here
Some common pitfalls can derail your debt payoff progress and cost you substantially during the process. Sviatlana Zyhmantovich/Getty Images Paying off debt can feel a lot like a balancing act that you can’t quite get right. On one hand, it makes sense to try and chip away at what you owe as quickly as possible.…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An update from JBF Industries Limited ( (IN:JBFIND) ) is now available. JBF Industries Limited is undergoing a Corporate Insolvency Resolution Process (CIRP), and a Resolution Plan…
New Delhi, Sep 29 (PTI) Appellate Tribunal NCLAT has set aside an appeal by Future Consumer Ltd (FCL) seeking to initiate insolvency against Aussee Oats Ltd. A two-member NCLAT bench has upheld the orders of the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the claims of FCL, part of the…
The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal from Future Consumer Ltd (FCL) seeking insolvency proceedings against Aussee Oats Ltd. This decision supports the previous ruling of the National Company Law Tribunal (NCLT) in Mumbai. FCL claimed dues exceeding Rs one crore from Aussee Oats, part of an earlier Rs two crore…
Access Denied You don’t have permission to access “http://www.business-standard.com/industry/news/nclat-order-on-insolvency-fraud-may-cloud-ibc-interpretation-experts-125092901190_1.html” on this server. Reference #18.d1672817.1759217315.6d208be https://errors.edgesuite.net/18.d1672817.1759217315.6d208be Read the original article here
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
The matter arises from the Court’s May 2, 2025 judgment which struck down JSW Steel’s plan and ordered BPSL’s liquidation under Article 142 of the Constitution. That ruling by Justices Bela M Trivedi and Satish Chandra Sharma had held that the CoC erred in approving the plan. JSW Steel, chosen as the successful resolution applicant in 2019, offered over ₹19,000 crore…
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
The Supreme Court observed that the conduct of former promoter Sanjay Singhal and others showed an attempt “to prevent the Corporate Insolvency Resolution Process from reaching its logical end.” The Supreme Court on Friday overturned its May 2 order directing the liquidation of Bhushan Power and Steel Ltd (BPSL) and upheld JSW Steel Ltd’s ₹19,700…