The Companies Act 61 of 1973 (Companies Act) provides a mechanism, in the form of sections 417 and 418, to enable liquidators to investigate the affairs of an insolvent entity. However, the very people who are responsible for the (mis)management and financial ruin of a company are often the only people who have knowledge of…
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The Mumbai bench of National Company Law Tribunal, declared the personal guarantor, the former chairman of the Dewan Housing Finance Corporation Limited (DHFL) bankrupt over dues of ₹4,545,96,56,973.57 related to the Dewan Housing Finance Corporation Limited (DHFL) facility agreements, providing relief to Union Bank of India (UBI). Union Bank of India,petitioner-financial creditor ,had provided credit…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here