NCLAT upholds liquidation of Sintex Plastics- The Week

New Delhi, Apr 21 (PTI) The insolvency appellate tribunal NCLAT has upheld an NCLT order directing liquidation of debt-ridden Sintex Plastics Technology.     A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also rejected the submission of an unsuccessful bidder that NCLT passed an order for liquidation even though its lone CoC member had…

NCLAT Upholds Sintex Plastics Liquidation: Rediff Moneynews

The National Company Law Appellate Tribunal (NCLAT) has upheld the liquidation of debt-ridden Sintex Plastics Technology, rejecting arguments by an unsuccessful bidder. New Delhi, Apr 21 (PTI) The insolvency appellate tribunal NCLAT has upheld an NCLT order directing liquidation of debt-ridden Sintex Plastics Technology. A two-member bench of the National Company Law Appellate Tribunal (NCLAT)…

How New York Almost Went Bankrupt in 1975

“Drop Dead City” falls into in a category of documentary I think of as wonkish but gripping. Produced and directed by Peter Yost and Michael Rohatyn, the film is about the financial cataclysm that hit New York City in 1975, when the powers that be figured out that the city was $6 billion in debt.…