The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that the EPFO dues from the post-liquidation assessment under section 7A of the EPF Act are not admissible. It was viewed that non-admission of the claim of the Appellant in liquidation proceeding shall not preclude it from taking such steps as available in law…
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REVEALED: Latest business liquidations in Ipswich The Courier Mail Read the original article here
Zee Entertainment Enterprises Limited (ZEEL) has strongly opposed an insolvency application filed by IDBI Bank Limited before the National Company Law Tribunal (NCLT), Mumbai. The bank, claiming to be a financial creditor, has sought initiation of the Corporate Insolvency Resolution Process against the company under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016,…
The Institute of Chartered Accountants in England and Wales (ICAEW), the Institute of Chartered Accountants of Scotland (ICAS) and the Insolvency Practitioners Association issued joint guidance at the end of August following a recent High Court decision imposing a strict “12-month rule” for MVLs. In a ruling in July, the High Court strictly interpreted…
Liquidation of pub firm and manufacturer forces North Wales council to write off £100k North Wales Live Read the original article here
Robert Kurzawa was banned as a director for three years in 2017 after his RK UK Construction Ltd company went into liquidation owing more than £195,000 in tax. Kurzawa continued acting as a director of his separate RK UK Joinery Ltd company in all but name following his disqualification. RK UK Joinery Ltd was wound-up…
Access Denied You don’t have permission to access “http://www.business-standard.com/industry/news/idbi-bank-again-files-insolvency-plea-against-zeel-for-over-225-cr-default-125091000978_1.html” on this server. Reference #18.d1672817.1757510668.151f3530 https://errors.edgesuite.net/18.d1672817.1757510668.151f3530 Read the original article here
In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the claims of the EPFO based on inspection conducted subsequent to initiation of the CorporateInsolvency Resolution Process (CIRP) are unenforceable and cannot be admitted. The Resolution Professional- CA Pankaj Shah filed appeals against the NCLT order.…
Bid to shutter clothing giant dismissed The Australian Read the original article here