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New Delhi, Aug 26 (PTI) In a rare incident, a judicial member of the National Company Law Appellate Tribunal (NCLAT) has alleged being “approached by one of the most revered members of the higher judiciary”, seeking an order in favour of a party, and has recused himself from hearing the matter. The Chennai-based bench of…
Justice Sharad Kumar Sharma of NCLAT recused himself from an insolvency case. NEW DELHI: The National Company Law Appellate Tribunal at Chennai said Justice Sharad Kumar Sharma recused himself from hearing one particular case as he was contacted for a favourable order. “We are anguished to observe that one of us, Member (Judicial), has been…
There is a movement growing online of self-proclaimed financial advisors trying to change the perception of personal bankruptcy. Instead of seeing going broke as a shameful thing—the theory goes—we should view it as an act of financial empowerment and feel no regret about filing Chapter 7, even multiple times. “We have to pay attention to…
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POUNDLAND may find itself without funds by September 7 if its restructuring plan is not approved, according to barristers. Poundland, the well-known UK discount retailer, is in financial trouble and faces the possibility of running out of cash by early September if it doesn’t get the green light for its restructuring plan. The company, which…
The National Company Law Appellate Tribunal (NCLAT) said it had received a request for a favourable order from “one of the most revered members of the higher judiciary,” following which Justice Sharad Kumar Sharma in Chennai recused himself from the insolvency case. The tribunal was considering an appeal related to the Corporate Insolvency Resolution Process…
In an unprecedented order, a judicial member of the National Company Law Appellate Tribunal (NCLAT) recused from a case after recording in an order that “ one of the most revered members of the higher judiciary of this country” had tried to influence the outcome of the case. “We are anguished to observe, that one…
Dali Philippines faces insolvency risk as losses widen Inside Retail Asia Read the original article here