NEW DELHI: The National Company Law Tribunal (NCLT) has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they are not “misused or misinterpreted”. It also said that the resolution professional (RP) should be competent and independent so that there are no interruptions in the process which…
(Reuters) – Britains data privacy watchdog has ordered Cambridge Analytica to hand over all the personal information it holds on a U.S. academic, confirming the right of people abroad to seek data held by a UK firm. The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018. REUTERS/Henry Nicholls…
SALIM Mehajer likes the finer things in life. Designer suits, flash cars, expensive property and all the bling you could wish for. He has lived in luxury mansions apart from his recent stint in the decidedly unglamorous squalor of Silverwater jail and has publicly told how his empire crumbled while he was behind bars for…
When Sanjeev Gupta left Ludhiana, Punjab, in the early 1980s to study in the UK as an 11-year-old, not many would have thought he would return three decades later to emerge as the biggest saviour of multiple Indian companies facing insolvency proceedings in Indian courts. Today, 46-year-old Gupta-owned Liberty House…
Introduction Facts Recognition of foreign bankruptcy decrees Considerations Comment Introduction Under Swiss law a foreign trustee of an insolvent foreign entity cannot act in relation to assets which are located in Switzerland, unless the respective foreign bankruptcy decree is recognised by a Swiss court. On recognition, a mandatory auxiliary insolvency procedure in Switzerland is initiated…
A Conway man, arrested three times in one week on the Conway Golf Clubs property, has filed a motion asking that his attorney be allowed to intervene on his behalf in the legal proceedings surrounding the possible sale of the property. Christopher Ross, 53, says in his motion that he cant properly represent himself because…
WILLEMSTAD – The organizer of the Curaçao Pontoon Festival, Sumusica Curaçao bv, has been declared bankrupt by the judge. From papers of the organization, there is a debt of 350,000 guilders. This debt is mainly to people who bought tickets in pre-sale, suppliers, local and foreign musicians and sponsors. The bankruptcy trustee thinks that no…
Cambridge Analytica CEO Alexander Nix was suspended amid the Facebook data harvesting scandal Getty Images / The Washington Post / Contributor When Cambridge Analytica the firm at the heart of the controversy about alleged harvesting of 87 million Facebook users data to microtarget voters announced this week it was instigating insolvency proceedings, many cheered its…
REI Agro, a firm that claims to have a 22 per cent share in the worlds basmati rice market, has gone in for liquidation after the National Company Law Tribunal (NCLT) ordered it to do so. Sources in the know of the matter said the makers of India Gate basmati rice, the…