EXCLUSIVE: Elysian Film Group Distribution Limited, the distribution arm of Danny Perkins‘ UK film company, is being liquidated. Elysian Film Group Distribution, which launched in 2020 with backing from CAA, is now the subject of a formal insolvency process. Perkins’ production company, Elysian Film Group, will continue trading. FRP Advisory, a financial advisory firm, has…
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The National Company Law Tribunal at Bengaluru has issued notice to Flipkart Internet Private Limited on a plea filed by Applabs Media Private Limited seeking initiation of insolvency proceedings over an alleged operational debt of ₹1.69 crore. A coram of Judicial Member Mahendra Khandelwal and Technical Member Radhakrishna Sreepada passed the order. According to the…
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All D&O policies are written on a “claims-made” basis, which means that the policy responds to claims made against directors during the policy period and not when the underlying wrongful act occurred. Introduction When a company enters insolvency, its directors face a particularly vulnerable position as the company is no longer capable of indemnifying them,…
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