NCLT President pitches raising insolvency threshold to Rs 5-10 crore – Moneycontrol.com
NCLT President pitches raising insolvency threshold to Rs 5-10 crore Moneycontrol.com Read the original article here
CIRP under IBC can continue even if insolvency plea that triggered it was fraudulent: Supreme Court
The Supreme Court stressed that admission fundamentally alters the nature of insolvency proceedings. Management passes to the resolution professional, claims from creditors are invited and a Committee of Creditors (CoC) is constituted, the Court said. Hence, the CIRP can continue even in the absence of the original applicant, the Court underscored. The Court held that…
Kenya’s Copia heads to liquidation as assets fall far short of debts – Techpoint Africa
Kenya’s Copia heads to liquidation as assets fall far short of debts Techpoint Africa Read the original article here
UK-based construction company enters administration
Kevin William Peare & Sons (KWP & Sons) offers a range of construction and home improvement services. Services offered include building and refurbishment works, kitchens and bathrooms, electrical works and plumbing. The KWP & Sons website reads: “We are a family-run business based in Surrey and have over 50 years of experience. “We are proud…
UK-based construction company enters administration
Kevin William Peare & Sons (KWP & Sons) offers a range of construction and home improvement services. Services offered include building and refurbishment works, kitchens and bathrooms, electrical works and plumbing. The KWP & Sons website reads: “We are a family-run business based in Surrey and have over 50 years of experience. “We are proud…
NCLAT Upholds Liquidator’s Power to Evict Occupant Under IBC
Home/Corporate Laws/NCLAT upholds Liquidator Power to Evict Occupants from Corporate Debtor Assets; Finds IBC Prevails Over Rent Act [Read Order] Corporate LawsLaw Report NCLAT upheld eviction as unregistered leases, unpaid rent, and related-party occupancy justified Liquidator’s possession claim. The case number, coram and counsel for this order are part of the subscriber record. Citation 2026…
News – Fraudulent Sec 9 Plea Doesn't Automatically End Insolvency Process: SC – thelawadvice.com
News – Fraudulent Sec 9 Plea Doesn’t Automatically End Insolvency Process: SC thelawadvice.com Read the original article here
Liquidation accounting: When a going concern dissolves
When a business sells everything to settle obligations with creditors and distributes leftover cash to shareholders and other claimants because it is about to end operations, the financial statement preparation must shift from a going concern basis to a liquidation basis. Liquidations can become imminent for businesses in any industry, and they usually happen under…
UK-based construction company enters administration
Services offered include building and refurbishment works, kitchens and bathrooms, electrical works and plumbing. The KWP & Sons website reads: “We are a family-run business based in Surrey and have over 50 years of experience. “We are proud to have built an excellent reputation and client base due to our commitment to quality, value and…
REVEALED: Business liquidations in the Norwood Payneham St Peters council area – Adelaide Now
REVEALED: Business liquidations in the Norwood Payneham St Peters council area Adelaide Now Read the original article here