These statutes constitute vital lifelines of Indian trade and commerce. While IBC focuses on corporate debt resolution, the remaining two address maritime claim enforcement. In common parlance, maritime liens are security interest recognized under maritime law, attaching to a vessel, certain types of claims such as seafarers’ wages, salvage, or damages from collision. These rights exist…
The National Company Law Tribunal (NCLT) at Bengaluru on October 17 declined to stay the Extraordinary General Meeting (EGM) of Aakash Educational Services Ltd (AESL) slated to be held on October 29 [Think & Learn Vs Aakash Education Services Limited]. A Bench of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada rejected the…
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