The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that the right of the financial creditor to seek revival of the original application filed under Section 7 of the Code cannot be taken away merely…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Arun Baroka (Technical Member) has held that claims filed by homebuyers cannot be rejected merely for being filed beyond the stipulated time period, if the homebuyer’s unit is reflected in the list of homebuyers who had not…
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The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
Speed of dismissal process deemed unfair The ERA found that the worker was not given adequate time to respond to allegations. After receiving detailed allegations on 7 December 2023, he provided a written response on 14 December and received additional information on 18 December. The disciplinary meeting occurred on 19 December, where he was dismissed…
Christian Pricelius 03/26/2025March 26, 2025 Corporate insolvencies in Germany have hit a 10-year high. From rising costs to weak demand, what’s behind the surge? And what can be done to support struggling businesses before it’s too late? https://p.dw.com/p/4sDF9 Read the original article here
Speed of dismissal process deemed unfair The ERA found that the worker was not given adequate time to respond to allegations. After receiving detailed allegations on 7 December 2023, he provided a written response on 14 December and received additional information on 18 December. The disciplinary meeting occurred on 19 December, where he was dismissed…
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Developer defends ‘historic’ failures and big debts The Press Read the original article here
The New Zealand operation had licensing rights from Irish company Butlers Chocolates. Kellow and Shephard said Butlers had recently made the decision not to provide further licensing rights for the New Zealand business to operate under its brand. “Therefore, a full rebrand would be required if the company was to continue trading.” AdvertisementAdvertise with NZME.…