The National Company Law Tribunal ( NCLT) Cuttack Bench admitted the application filed by Canara Bank citing the default payment of a debt amount beyond Rs, 1 Crore as evident from the Form-C and Form-D of the NeSL certificate, from the loan account statement of the respondent maintained by the Financial Creditor and from the…
As my grandpa used to say, if something sounds too good to be true, it probably is. That’s what one man is learning the hard way after winning a Publishers Clearing House sweepstakes that he believed would set him up financially for life. Everyone over a certain age remembers those commercials — “You could win…
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NCLAT upholds order recalling insolvency case against Logix Infra MSN Read the original article here
NCLAT upholds NCLT order recalling insolvency case against Logix Infra, citing fraudulent debt claim and collusion between parties. New Delhi, Sep 13 (PTI) Appellate tribunal NCLAT has upheld the decision of the National Company Law Tribunal (NCLT) to recall a previous ruling for an insolvency case against real estate firm Logix Infrastructure after finding the…
The case involved four consolidated appeals relating to two real estate companies – Gayatri Infra Planner Private Limited and Antriksh Infratech Pvt. Ltd. Appellant Mansi Brar Fernandes had entered into a Memorandum of Understanding dated April 6, 2016, paying Rs. 35 lakh for four flats with a buyback clause that would return Rs. 1 crore…
Abu Dhabi: A man’s bid to be declared insolvent over debts of nearly Dh1.5 million has been dismissed by the Abu Dhabi Civil Family Court after judges ruled he failed to provide sufficient evidence of losing his assets. Court records show the petitioner sought insolvency proceedings, claiming he had ceased commercial activity, was unemployed, and…
The Mayor of Podgorica and member of the Presidency of the Europe Now Movement, Saša Mujović, said that, unless the capital city goes bankrupt, there is no substitute for Botun when it comes to the construction of a wastewater treatment plant. “The wastewater treatment system is essential for the health of the citizens of Montenegro…
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With over a decade’s legal service within Canberra, Kamy Saeedi Law have built an enviable reputation as one of the leading legal counsels in the region. They boast a balanced team of highly experienced partners and talented young lawyers who are passionate about helping people. Their remarkably talented team are fuelled by a genuine desire…