The National Company Law Tribunal (NCLT) at Jaipur has held that alleged defects in the certified copy of a Board Resolution, including objections that it did not disclose the date of the Board meeting or carried mechanically reproduced signatures, do not invalidate an insolvency application where the Operational Creditor has, in substance, authorized the initiation…
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…
The National Company Law Appellate Tribunal (NCLAT) has held that a Resolution Professional (RP) cannot be personally faulted for permitting a sole Operational Creditor to vote on its own Resolution Plan where such action was taken in a bona fide discharge of statutory duties under the Insolvency and Bankruptcy Code (IBC). Consequently, the Appellate Tribunal…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has held that the pendency of avoidance transaction proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) cannot obstruct the liquidation of a corporate debtor once the Committee of Creditors (CoC) has in its commercial wisdom resolved to liquidate the company under Section 33(2) of…
Vodacom Business Kenya Announces Final Members’ Meeting As Liquidation Nears Completion The Kenya Times Read the original article here
Russia’s Finance Ministry is preparing to raise funds from state-controlled banks to help finance a widening wartime budget deficit after struggling to sell government bonds on the open market, analysts said. On Thursday, the ministry registered two new issues of floating-rate federal loan bonds (OFZs): one worth 500 billion rubles ($6.45 billion) maturing in 2037…
The Astion brothers’ group of agricultural companies owes significant sums to the state-owned Ukrgazbank Andrii Vodianyi Senior editor Photo: Dnipro Agro Group … Read the original article here
The National Company Law Tribunal (NCLT) has held that a financial creditor’s insolvency application cannot be rejected merely because the Record of Default from an Information Utility (IU) was not filed along with the initial petition provided that the financial debt and default are otherwise established through admissible evidence. The Financial Creditor submitted that it…
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Liberty Bell Bay Insolvency: Collapse, Creditors & Key Lessons Discovery Alert Read the original article here