MLT Aikins lawyers Dana Nowak and Paul OIfert will be featured panellists at the Annual Review of Insolvency Law (ARIL) February 7 in Montreal. Discussions will focus on two topics: environmental regulatory cleanup obligations when a company is insolvent, and what Canadian companies need to know about the limitations period in insolvency proceedings. Panel: “Calming…
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MUMBAI: Citing significant governance lapses and repeated defaults in payment obligations, the Reserve Bank of India has superseded the current management and board of mid-tier home loan company Aviom India Housing Finance. It has appointed Ram Kumar, former Chief General Manager of Punjab National Bank, as the administrator. The RBI has also announced plans to…
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set…
The National Company Law Appellate Tribunal (NCLAT) dismissed an insolvency plea against HUL, ruling that the operational creditor’s claim was below the threshold limit and involved pre-existing disputes. The appellate tribunal upheld the NCLT’s decision, rejecting the plea filed by K Lakshmi… New Delhi, Jan 27 (PTI) The National Company Law Appellate Tribunal (NCLAT) on…
New Delhi, Jan 27 (PTI) Insolvency appellate tribunal NCLAT has set aside the directions for a fresh valuation of shares, which were held by Educomp Solutions’ Singapore-based subsidiary Educomp Asia Pacific Pte in US-based firm The Learning Internet Inc and sold by SBI Singapore. Wondering over the basis on which the Delhi bench of NCLT…
Insolvency appellate tribunal NCLAT has set aside the directions for a fresh valuation of shares, which were held by Educomp Solutions‘ Singapore-based subsidiary Educomp Asia Pacific Pte in US-based firm The Learning Internet Inc and sold by SBI Singapore. Wondering over the basis on which the Delhi bench of NCLT passed direction for fresh valuations,…
Insolvency appellate tribunal NCLAT has set aside the directions for a fresh valuation of shares, which were held by Educomp Solutions‘ Singapore-based subsidiary Educomp Asia Pacific Pte in US-based firm The Learning Internet Inc and sold by SBI Singapore. Wondering over the basis on which the Delhi bench of NCLT passed direction for fresh valuations,…
India’s expanding economy continues to attract foreign investment, necessitating a legal system that effectively safeguards these investments. This article explores and analyses the legal mechanisms available to foreign investors/creditors within the Indian judicial and insolvency framework. The dispute between Indian ed-tech giant Byju’s and its American creditor, GLAS Trust Company LLC (GLAS Trust), elucidates the…