In a recent case, the Mumbai bench of the National Company Law Tribunal(NCLT) has held that application under section 7(5) of the Insolvency & Bankruptcy Code 2016 (‘the Code’) cannot be Rejected due to non furnishing of NeSL when existence of debt and default by Corporate Debtor is established The Applicant, M/s. Goyal Achal Sampatti…
In a recent case, the Mumbai bench of the National Company Law Tribunal ( NCLT ) held that minor clerical mistakes do not affect maintainability of an Insolvency Bankruptcy Code (IBC) petition when the identity of the parties is not in dispute and admitted the petition filed under section 9 of the code, 2016. The…
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has allowed IDBI Trusteeship to initiate Corporate Insolvency Resolution Process (“CIRP”) as there is a valid authorization from the assignee of the Debt. The Appeal has been filed by the Suspended Director of the Corporate Debtor (“CD”) – Advantage Raheja Hotels Private Limited challenging the order…
REVEALED: Latest business liquidations in Swan dailytelegraph.com.au Read the original article here
Unity Biotechnology stockholders approve company liquidation and dissolution plan Investing.com Read the original article here
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