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…
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…
Nodwin Gaming International (“Nodwin”), an esports and gaming company, has decided to cease further funding to its majority-owned subsidiary, Freaks 4U Gaming GmbH, a Berlin-based esports and gaming marketing firm. The decision was made after extensive legal and financial consultations and follows years of fulfilling financial commitments without achieving a meaningful turnaround. According to the…
REVEALED: Latest business liquidations in Monash Herald Sun Read the original article here
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