77 Year old well-known furniture company filed Chapter 11 Bankruptcy

American Signature Inc. has moved to the Delaware bankruptcy court to sell off its assets under court supervision. The Columbus-based furniture retailer plans to continue operating during the process while developing a restructuring plan for unsecured creditors. American Signature Inc. Seeks Chapter 11 Bankruptcy Protection American Signature Inc. filed a voluntary bankruptcy petition in the…

Insolvency Proceedings Can’t Be Abused To Evade Family Court’s Maintenance Order: Bombay High Court

The Bombay High Court has held that proceedings under the Presidency-Towns Insolvency Act, 1909, cannot be invoked as a mechanism to frustrate or indirectly obtain a stay of a Family Court’s maintenance order. The Court observed that insolvency relief cannot be granted to undermine a subsisting maintenance order, and clarified that insolvency proceedings cannot be…

Insolvency Proceedings Can’t Be Abused To Evade Family Court’s Maintenance Order: Bombay High Court

The Bombay High Court has held that proceedings under the Presidency-Towns Insolvency Act, 1909, cannot be invoked as a mechanism to frustrate or indirectly obtain a stay of a Family Court’s maintenance order. The Court observed that insolvency relief cannot be granted to undermine a subsisting maintenance order, and clarified that insolvency proceedings cannot be…

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No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…