The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set…
(Bloomberg) — Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits. The proposed settlement — worth more than $8 billion — wrongly denies ovarian cancer victims the right to pursue their claims in court, lawyers…
German energy retailer Otima declares itself insolvent as energy crisis bites Reuters.com Read the original article here
Former Singapore oil tycoon OK Lim and children declared bankrupt over Hin Leong debts MSN Read the original article here
MLT Aikins lawyers Dana Nowak and Paul OIfert will be featured panellists at the Annual Review of Insolvency Law (ARIL) February 7 in Montreal. Discussions will focus on two topics: environmental regulatory cleanup obligations when a company is insolvent, and what Canadian companies need to know about the limitations period in insolvency proceedings. Panel: “Calming…
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MUMBAI: Citing significant governance lapses and repeated defaults in payment obligations, the Reserve Bank of India has superseded the current management and board of mid-tier home loan company Aviom India Housing Finance. It has appointed Ram Kumar, former Chief General Manager of Punjab National Bank, as the administrator. The RBI has also announced plans to…
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set…
The National Company Law Appellate Tribunal (NCLAT) dismissed an insolvency plea against HUL, ruling that the operational creditor’s claim was below the threshold limit and involved pre-existing disputes. The appellate tribunal upheld the NCLT’s decision, rejecting the plea filed by K Lakshmi… New Delhi, Jan 27 (PTI) The National Company Law Appellate Tribunal (NCLAT) on…