The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has formally recorded that one of its members was approached by “one of the most revered members of the higher judiciary” seeking a favourable order in an insolvency matter. Judicial Member Justice Sharad Kumar Sharma recused himself from hearing the case on August 13…
Brittany Higgins will be financially wiped out if she is forced to personally pay Linda Reynolds $341,000 in damages and millions of dollars in legal costs but experts believe her trust fund may be legally protected setting the scene for a fresh legal fight. There’s also the question of how much money is actually left…
Higgins faces $2m legal bill, financial ruin Herald Sun Read the original article here
NEW DELHI: Fair trade regulator CCI on Tuesday said it has in principle approved Adani Group‘s acquisition of debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding. The proposed combination relates to the acquisition of up to 100 per cent shareholding of Jaiprakash Associates Ltd (JAL) by Adani Enterprises Ltd (AEL)…
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The odds were stacked against Eva Dellow’s small business surviving. The co-founder’s joinery company in Sydney’s Botany was struggling to grow after being founded in 2016. She did not want it to be among the 75 per cent of new businesses that failed within seven years. “Just because someone starts a business, doesn’t mean that…
Amidst ride-hailing company BluSmart Electric Mobility’s ongoing insolvency proceedings, claims worth over Rs 500 crore have been reportedly filed by over 200 applicants. The company, which was accused of corporate governance lapses and loan diversions, had insolvency proceedings initiated against it on July 29, following a plea by financial creditor, Catalyst Trusteeship, was admitted by…
Meet Man Who Won Rs 5 Crore On KBC, Went Bankrupt, Got Addicted To Alcohol, Sold Milk For Survival And Now Works As….. Zee News Read the original article here