As courts make headway with backlogs, technology and intellectual copyright cases open a fresh arena in dispute resolution The past 18 months have reshaped the commercial dispute resolution landscape in India. The Madras High Court’s Commercial Division has settled into a rhythm, the Chennai bench of the National Company Law Tribunal (NCLT) has begun to…
In a recent ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, dismissed an insolvency petition filed by Think Hard India Private Limited against the personal guarantor of Seya Industries Ltd., holding that failure to invoke the personal guarantee meant no default had occurred under the Insolvency and Bankruptcy Code (IBC). In January 2020, corporate debtor Seya Industries Ltd. obtained a…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
More than 760 property companies have become insolvent in the UK so far this year, representing the highest rate of business failures in the sector in a decade, according to analysis of official insolvency filings. The figure marks a 60% increase compared to the same period last year and nearly three times the 264 insolvencies…
Property businesses are going bust at the fastest rate in a decade, with more than 760 companies becoming insolvent so far this year in a sign of mounting pressure across the property sector. Analysis by City AM of insolvency filings published in the London Gazette found that the total is more than 60% higher than…
The National Company Law Tribunal (NCLT), has held that liquidation cannot be permitted where it would effectively benefit defaulting promoters who continue to operate outside the formal structure of the corporate debtor, and consequently recalled the insolvency admission order The RP submitted that despite extensive efforts following his appointment, he was unable to obtain crucial…
Voler Car declared highest bidder for Blue Smart Mobility acquisition scanx.trade Read the original article here
Dunedin company Braemar Building debt balloons to $6m, and it’s unlikely to be repaid The Press Read the original article here
REVEALED: Latest business liquidations in Belmont Daily Telegraph Sydney Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…