Flat Owners’ Right to Deemed Conveyance Can’t Be Blocked by Developer’s Insolvency Proceedings: Bombay HC

The Bombay High Court has ruled that the pendency of Corporate Insolvency Resolution Proceedings (CIRP) against a developer or land holder cannot be used as a ground to deny or indefinitely postpone deemed conveyance proceedings under the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 (MOFA).  The bench…

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Liquidator appointed to Scottish film production company

Gordon McIntyre, of Wbg, the liquidator, said Magic Beans Productions provided “strategic and managerial services” to Wild Child Animation, the Scottish company which earlier collapsed into administration and was then sold. Multi-award-winning Wild Child Animation, the Stirling-based studio and contractor, appointed Wbg Gordon McIntyre and Donald McKinnon as joint administrators in February. Director Looks at…

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