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GST Liabilities and penalties cannot be imposed against Corporate Debtor during Moratorium period The National Company Law Tribunal held that GST authorities cannot continue assessment or adjudication proceedings during the IBC moratorium. As a result, the tribunal set aside the order passed against the corporate debtor. The present appeal has been filed by Maligi Madhusudhana…
Insolvency process against Raheja Shilas project in Gurugram to continue: NCLAT New Delhi, The National Company Law Appellate Tribunal (NCLAT) has declined Raheja Developers‘ plea to close the insolvency resolution process against its project Raheja Shilas in Gurugram, after observing that the issues with flat buyers have not been resolved. It further said an application…
Lower thresholds, easier filing to revive pre-packaged insolvency process for MSMEs, say officials Moneycontrol.com Read the original article here
India’s SP Group Gets Relief on $3.4 Billion Private Credit Debt Bloomberg.com Read the original article here
Mangalia Shipyard Reorganization Rejected, Enters Bankruptcy romaniajournal.ro Read the original article here
One of Australia’s most iconic family-owned businesses, Spring Gully Foods, has been forced to shut its doors, leaving behind millions of dollars of debt and dozens of workers without a job. With $3.8 million of debt, the South Australian company has entered administration and ceased trading. The move leaves 34 employees without a job. The…
Photo: RNZ Consumer and business credit demand increased in October, a positive sign for the economy, but monthly company liquidations hit their highest level since 2011. Credit agency Centrix’s October monthly report showed consumer arrears continued falling to 459,000, about 12 percent of all borrowers, from 465,000 the monthly before, the lowest level in more…
Got story updates? Submit your updates here. › SaleSumo’s reputation as Phoenix’s premier liquidation destination is built on its ability to offer high-quality home improvement products at deeply discounted prices.Phoenix Today SaleSumo, a Phoenix-based home improvement liquidation warehouse, has been ranked as the number one liquidation destination in the city by online shoppers. The company…