Insolvency Plea Can’t Be Dismissed On Fraud Claims Without Proof: NCLT Ahmedabad

Gandhinagar, Dec 10 (KNN) The National Company Law Tribunal (NCLT), Ahmedabad, has held that an insolvency application cannot be dismissed merely on allegations of fraud or malicious intent unless supported by clear and cogent evidence. Section 65 Requires Proof of Mala Fides While admitting insolvency proceedings against Turnrest Resources, the NCLT held that Section 65 of…

3 Keppel subsidiaries put up for voluntary liquidation

The wholly owned units are Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services [SINGAPORE] Asset manager Keppel said on Wednesday (Dec 10) that three of its wholly owned subsidiaries – Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services – have been placed under members’ voluntary liquidation. The Business Times has reached…

Ron Crouch Transport enters voluntary administration

Longstanding Australian transport operator Ron Crouch Transport has entered voluntary administration. The business first served a client in 1978 after being founded by Ron and Beverley Crouch, offering transport and storage solutions. Over 45 years, Ron Crouch Transport has specialised in general and dangerous goods freight, warehousing and third party logistics. The sad news was…