Entrepreneur behind LNP donations backed David Crisafulli to head Southern Edge Training, court documents reveal

A soccer-loving businessman behind LNP election donations told a court he helped introduce Opposition Leader David Crisafulli to run a training company that later collapsed. The testimony, contained in transcripts obtained by the ABC, has emerged after Mr Crisafulli this month denied the failed business had links to the LNP or donors. The businessman was…

Exclusive Supply Agreement Does Not Establish Creditor-Debtor Relationship Under IBC: NCLT

In accordance with Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Tribunal (NCLT), located in Delhi, has ruled that a petitioner cannot start the Corporate Insolvency Resolution Process (CIRP) if the parties’ business arrangement entails profit-sharing and joint participation rather than a simple operational debt. According to the Tribunal,…