Radical changes to Australia’s merger clearance laws that come into effect on January 1 pose a real and deeply problematic impediment to the effectiveness of turnaround and restructuring in Australia. For decades, our formal restructuring regime has prioritised the rejuvenation of insolvent companies (or as much of them as can be saved) by legislating for…
NCLT Greenlights MAHAGENCO-NTPC Consortium’s Plan for Sinnar Thermal Power scanx.trade Read the original article here
One former England cricket star was left to fend for himself on the fighting circuit after racking up millions of pounds in debt Ben Crawford GAU Writer and Abbie Meehan Sports Writer U-35s 16:00, 30 Nov 2025 Adam Hollioake (right) swapped cricket for boxing after being declared bankrupt(Image: Harry Trump/Getty Images) Adam Hollioake turned to…
*ST Dongyi (002713.SZ) issued an announcement on unusual stock price fluctuations and risk warnings, stating that the court has accepted the company’s restructuring application. If the company successfully implements and completes the restructuring plan, it will help improve the company’s asset-liability structure and promote its healthy and sustainable development. However, there remains a risk of…
JOHOR BARU: More than 120 frustrated homeowners in Pasir Gudang here are urging a developer to honour a string of promises, ranging from waiving legal and stamp duty fees to paying compensation for late delivery. The group’s representative, who only wished to be known as Ang, 49, said the developer has left them disappointed with…
NCLAT rejects insolvency plea against Voltas, upholding NCLT order due to pre-existing disputes with Air Wave Technocrafts. New Delhi, Nov 30 (PTI) Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors. A two-member NCLAT bench has upheld the…
Introduction The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a reasoned and unequivocal order dismissing six belated claim applications filed by former employees of Indo Global Soft Solutions and Technologies Pvt. Ltd.1 during the Corporate Insolvency Resolution Process (CIRP). The Tribunal’s analysis reinforces the principle that the IBC’s timelines are not procedural formalities…
2025-11-29T10:48:05.543Z Share Facebook … Read the original article here
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When an international company goes into administration and employees in the UAE are concerned about their end-of-service entitlements, it is important to be aware of several legal points, experts say. International oilfield services company Petrofac laid off 180 people in the UAE earlier this month, after a multibillion-dollar Dutch offshore wind contract was cancelled, as…