The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) ruled that the issuance of a Provisional Attachment Order (PAO) by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA), does not violate the moratorium under Section 14 of the IBC. In this case, the appeal has been been…
In a recent case, the Cochin bench of the National Company Law Tribunal (NCLAT) dismissed the application filed by Canara Bank under section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, on failure to prove the claimed debt of 43 Crore. Canara Bank, Asset-Recovery Management Branch under Section 95 of the Insolvency & Bankruptcy…
Access Denied You don’t have permission to access “http://www.business-standard.com/markets/kobo-biotech-ltd-share-price-6012/announcements/bse-exchange-45712947” on this server. Reference #18.d1672817.1752288124.ae9323a1 https://errors.edgesuite.net/18.d1672817.1752288124.ae9323a1 Read the original article here
The following is an accessible alternative to the original PDF statutory document. Every effort has been made to replicate the original faithfully, but this has not always been possible. There will be instances below where the formatting required to fit within an HTML document has not allowed the original content to be transposed directly. Footnotes…
Aussie post production company that worked on Hollywood films collapses with nearly $4million debt MSN Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Developer defends ‘historic’ failures and big debts The Press Read the original article here
Developer defends ‘historic’ failures and big debts thepost.co.nz Read the original article here
Home care and disability services provider Annecto Incorporated has entered voluntary administration, leaving more than 1,000 employees and 3,000 clients in limbo across Victoria, New South Wales, Queensland, and South Australia. In June, the Melbourne-based Not For Profit announced plans to cease services by the end of July, with three providers selected by the Department of Health,…
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 section 10A of the Insolvency and Bankruptcy Code, 2016 (IBC) does not prohibit parties from entering into an arrangement to restructure their debts during or…