ACFS secures landlord assurances amid $12.2m rent arrears

Tzaneros also moved to address concerns about rental payments at other ACFS facilities. Image: Daimler Truck Australia Pacific ACFS Port Logistics says it has secured assurances from a major landlord that operations at its sites will not be impeded during the company’s administration. Managing Director and CEO Arthur Tzaneros issued the update today, August 13,…

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NCLAT shields enforcement actions, weakening IBC moratorium

In Value Wise Consultancy Private Limited v Deputy Director, Enforcement Directorate, the National Company Law Appellate Tribunal (NCLAT) held that the National Company Law Tribunal (NCLT) has no jurisdiction over the Enforcement Directorate (ED) withdrawing funds from a corporate debtor’s account. The case began with police complaints against the corporate debtor alleging loan diversion, ED…

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