Introduction The Supreme Court of India recently addressed significant questions regarding the insolvency of firms in the case of FIRM MUKAND LAL v. PURUSHOTAM SINGH & ORS. The judgment clarifies the conditions under which a firm can be declared insolvent, particularly in relation to the actions of its partners. This ruling is pivotal for understanding…
Pneuride specialised in advanced electronic control systems and air suspension components for the automotive industry, and employed 55 staff. The company, established in July 2007, has faced significant financial challenges in recent months, enduring a sustained period of soft trading and mounting pressure on cash flow and profit margins. Pneuride closes after entering administration with 55 jobs…
Global Travel Partners specialises in corporate travel services, including flight and hotel bookings, travel policy management, and expense reporting for clients across the UK and overseas. The company has supported customers in the UK, Europe, North America, the Middle East, and North Africa. It has served more than 100,000 customers and arranged over 35,000 hotel…
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World Bank in talks with dozens of countries about crisis aid, Banga says Reuters Read the original article here
Home/Corporate Laws/Provisional Billing Without Dissenting Final Invoice Fails to Raise Pre-Existing Dispute: NCLT Admits ₹2.78 Cr CIRP Against Polycab India Corporate LawsLaw Report NCLT admits CIRP against Polycab India as provisional billing without a dissenting final invoice fails to establish a pre-existing dispute. Get the day’s tax rulings in your inbox × The case number,…
Global Travel Partners specialises in corporate travel services, including flight and hotel bookings, travel policy management, and expense reporting for clients across the UK and overseas. The company has supported customers in the UK, Europe, North America, the Middle East, and North Africa. It has served more than 100,000 customers and arranged over 35,000 hotel…
Any Other Business: Tat’s all folks – Dublin Mint Office goes into liquidation after history of scuffles with official bodies Irish Independent Read the original article here
Administrators for a collapsed Queensland caravan manufacturer that owes $9 million have written to ASIC about the company’s conduct before it shut down last week. Australian Off Road (AOR) went into administration on September 15 after the 26-year-old company suddenly shut its doors the week before. Today, administrators DVT McLeods revealed the extent of the…
A day after Christmas 2020, a 28-year-old Chinese man who was drowning in debt from gambling and had broken up recently, wanted to meet her sick girlfriend. He went to her home and then allegedly tricked her into sleep, then he used his ex’s fingerprint to unlock her phone, then lifted her iris to unlock…