Wockhardt has announced a strategic shift in its operations in the United States, deciding to exit the generics pharmaceutical segment in the country. The company has filed for voluntary liquidation under Chapter 7 of the US Bankruptcy Code for its two Delaware-incorporated step-down subsidiaries—Morton Grove Pharmaceuticals Inc. and Wockhardt USA LLC. This move marks a…
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that issuance of a fresh demand notice with significant changes like claimed amount, date of default etc. triggers a time line therefore if any dispute is pending between the parties before…
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1. Introduction A court has made a disqualification order against you under the Company Directors Disqualification Act 1986 (CDDA), or you have given a disqualification undertaking to the Secretary of State, which has been accepted. You will also be disqualified under the CDDA if you are subject to the director disqualification sanction. These are very…
TGIF 27 June 2025 – Pooling orders possible in group liquidation, but under what provision? Corrs Chambers Westgarth Read the original article here
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 Income Tax Refund received by the bank in the corporate debtor’s account during Corporate Insolvency Resolution Process (CIRP) cannot be withheld on ground and such…
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