Corporate Travel

Corporate Travel Management will miss its self-imposed end-of-month deadline to return to the ASX because overcharged customers have not agreed to its 18-month payment terms. The company – which The Australian Financial Review’s Street Talk column revealed entered safe harbour at the end of May – now faces the prospect of being delisted if it…

Flat Owners’ Right to Deemed Conveyance Can’t Be Blocked by Developer’s Insolvency Proceedings: Bombay HC

The Bombay High Court has ruled that the pendency of Corporate Insolvency Resolution Proceedings (CIRP) against a developer or land holder cannot be used as a ground to deny or indefinitely postpone deemed conveyance proceedings under the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 (MOFA).  The bench…

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