The National Company Law Tribunal (NCLT), Indore Bench, has held that a Central Goods andServices Tax (CGST) Superintendent was guilty of contempt as he did not comply with the refund directions during the moratorium The case from the Corporate Insolvency Resolution Process (CIRP) of Bhagwan Motors Pvt. Ltd in June 2019. During the moratorium, the…
Singapore disburses SG$600,000 to unpaid workers after company liquidations, minister says People Matters Global Read the original article here
The fund is meant to help employers who “truly cannot pay their salary arrears due to business failure”, Manpower Minister Tan See Leng said recently, as reported by The Business Times. People walk on the street during lunch break at Raffles Place in Singapore on January 22, 2025. Photo by AFP Firms that “willfully do…
A society or resident welfare association (RWA) has no legal right to intervene at the stage where a financial creditor seeks to trigger insolvency proceedings against a real estate developer for defaulting on its loan obligations, the Supreme Court ruled on Thursday. New Delhi, Jan 10 (ANI): A view of the Supreme Court building, the…
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REVEALED: Latest business liquidations in Hume Herald Sun Read the original article here
Drawing a clear line between corporate and personal debt has long vexed Chinese entrepreneurs. To raise capital, many provide personal guarantees for corporate loans; when their companies fall into financial distress, those same guarantees often leave them burdened with substantial personal liabilities. Pilot personal bankruptcy regimes in cities such as Shenzhen have begun to test…
The Supreme Court on Thursday (January 15) issued a set of directions regarding the functioning of the Committee of Creditors (CoC) under the Insolvency & Bankruptcy Code, noting that while the commercial wisdom of the CoC is paramount, such power must be exercised with responsibility, transparency and proper application of mind, particularly in real estate…
UK Supreme Court rules on dishonest asset transfers during liquidation Taylor Wessing Read the original article here
Going Out of Business discounts of 25–50% Off the Entire Inventory While Merchandise Lasts BOSTON, Jan. 9, 2026 /PRNewswire/ — A joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers has received bankruptcy court approval to operate Going Out of Business (GOB) sales in all 89 remaining American Signature Inc. (“ASI” or the…