4. The NCLAT, in Securities and Exchange Board of India v. Annies Apparel Private Limited (Company Appeal (AT) (Insolvency) No. 1421 of 2024), dealt with the admissibility of a claim arising from a statutory penalty imposed after the liquidation commencement date (“LCD”). In this case, Securities and Exchange Board of India (“SEBI”) had initiated regulatory…
NCLAT Rulings Clarify IBC Nuances: Shareholder Rights Expanded, Liquidation Rules Tightened Whalesbook Read the original article here
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High streets in the UK were alive with retail giants that generations of shoppers knew and trusted. From bustling department stores to popular restaurant chains, these brands were at the heart of British shopping and everyday life. Yet in just a few short years, many of these once-iconic businesses have disappeared. Molly Monks, business insolvency…
Reasons you may not have to pay your debt You disagree with the contract You may disagree that you owe any money and have a legal defence. A defence to a debt would include: that you agreed to a contract, but: you were told something that was not true (you were misled into signing) you…
Many major cities face alarming rates of subsidence, with Mexico City sinking by about 21-25 cm per year, Tulare in the US by 28 cm per year, and Rafsanjan in Iran by 30 cm annually. The most visible signs of this are the over 700 sinkholes observed in agricultural areas in Turkey. The climate change…
If you owe a debt to someone and have not paid it by the requested date, that person (called a creditor) might choose to sue you. In this context, being sued is when a creditor takes court action against you. A court can make an order that you owe a debt. This debt is then…
Dalmia Bharat Management Sets ₹200 Crore Incentive Run Rate Target, Maintains Conservative Debt Strategy scanx.trade Read the original article here
Oxley axes Malaysia JV as Posh Properties enters liquidation Singapore Business Review Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…