Wesfarmers puts Priceline stores at risk as 54 pharmacies plunge into voluntary administration: ‘Sad day’

Receivers and administrators have been appointed for 54 Infinity pharmacies, including ones operating under the Priceline banner. (Source: Getty/Realcommercial.com.au) Retail giant Wesfarmers has made the “unavoidable” decision to place dozens of pharmacies into voluntary administration, including some operating under the Priceline banner. Receivers and administrators have been appointed for 54 pharmacies operated by the Infinity…

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NCLAT needs to dispose of appeals within 3 mths: Panel

New Delhi: Amid increasing delays, the select committee of Parliament examining the bill to amend the Insolvency & Bankruptcy Code has recommended that The National Company Law Appellate Tribunal (NCLAT) should dispose of appeals within three months of their receipt.“…IBC presently does not prescribe any statutory timelines for the disposal of appeals by NCLAT. This…

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