A court ordered insolvency proceedings for Tirumalla Agro Industries, a unit of India’s Kute Group, deepening the legal troubles facing the conglomerate whose founders are in jail over allegations they siphoned INR 2,467 crore from a cooperative lender. The National Company Law Tribunal in Mumbai admitted the bankruptcy petition filed by creditor Aryatech Platforms against…
Pictured: Emmanuel Macron and Donald Trump. The proposed scheme echoes the US’s citizenship-based tax system – Suzanne Plunkett/Pool Photo via AP France has moved one step closer to adopting a US-style global tax on its citizens that will hit wealthy expats who have moved abroad to lower-tax jurisdictions. The French Finance Committee has approved a…
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Hyperliquid trading volume before and after latest liquidation event paints sobering picture for traders theblock.co Read the original article here
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GrabOne wrapped up owing $16.5m, refunds on vouchers ‘unlikely’ to be paid Stuff Read the original article here
The cover of Stephenson’s book. Legal influencer Alice Stephenson has accused the liquidators of her law firm of making her bankrupt as “punishment”. In 2023 the self-described “most followed lawyer on LinkedIn”, who has 68,000 followers on the networking platform, liquidated her firm Stephenson Law and transferred its assets to a new business, Plume. This…
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 New Delhi Bench of the National Company Law Tribunal (NCLT) admitted a Section 7 petition filed by Punjab National Bank against M/s Shriram Skill and Education Ltd., initiating the corporate insolvency resolution process (CIRP) over a financial debt of ₹147.31 crore. The present application was filed by Mr Pawan Singh Yadav, Chief Manager of…
Alice Stephenson criticises liquidators after £666k director’s loan leads to bankruptcy A legal influencer has revealed that she has been declared bankrupt due to a “mountain of personal debt,” just a day after announcing the sale of her now-liquidated law firm to another legal business. Alice Stephenson’s firm, Stephenson Law, went into liquidation in November…