No Cookies | Daily Telegraph

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No Cookies | The Courier Mail

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PJC inquiry calls for ‘comprehensive review’ of insolvency law

Australia’s corporate insolvency system is overly complex, costly and difficult to access and must be reviewed, the inquiry into corporate insolvency has found. The government has been advised to commission a comprehensive and independent review of Australia’s insolvency law, encompassing both corporate and personal insolvency, following an inquiry into corporate insolvency. The Parliamentary Joint Committee…

NARCL drags two Era Infra Group cos to NCLT

The National Company Law Tribunal (NCLT) in New Delhi has simultaneously admitted two separate insolvency pleas against its subsidiary companies over combined defaults of nearly ₹2,772 crore. The tribunal initiated proceedings against Haridwar Highways Project Limited (HHPL) for a default of ₹2,386.51 crore and against Era Infrastructure (India) Ltd. for a default of ₹385.38 crore. The petitions were…