'Collateral damage': Company sinks owing $825k after big customer folds – The Press
‘Collateral damage’: Company sinks owing $825k after big customer folds The Press Read the original article here
Directors Can’t Skip Liability For Cheque Dishonour Merely Because Company Is Declared Insolvent: Orissa HC – Odisha Bytes
Directors Can’t Skip Liability For Cheque Dishonour Merely Because Company Is Declared Insolvent: Orissa HC Odisha Bytes Read the original article here
Daily 5 report for Oct. 16: Multibillion-dollar scandal emerges at Trico, Fram parent company – Automotive News
Daily 5 report for Oct. 16: Multibillion-dollar scandal emerges at Trico, Fram parent company Automotive News Read the original article here
Sheffield Wednesday: Championship club set to be served winding-up petition
Wednesday are second bottom of the Championship with six points from nine games after a torrid period off the field, which has left them with a threadbare squad. The severity of the situation became apparent when May’s wages were not paid on time, in the wake of the same thing happening in March. With uncertainty…
Directors Can’t Escape Liability For Cheque Dishonour Merely Because Company Is Declared Insolvent: Orissa High Court
The Orissa High Court has held that Directors can’t escape liability for cheque dishonour under Section 138 of the Negotiable Instruments Act, 1881, merely because the company was declared insolvent and a Resolution Professional was appointed under the Insolvency and Bankruptcy Code, 2016. The Court was considering an Application seeking issuance of summons to the…