Fresh start for Planet Ark after VA exit

Planet Ark Environmental Foundation (Planet Ark) has officially exited voluntary administration today, following the unanimous approval of a Deed of Company Arrangement (DOCA) by creditors at a meeting held on 13 June. The development marks a pivotal moment in the organisation’s three-decade history, paving the way for a return to normal operations under the leadership…

NCLAT permits RP to Issue Fresh Form G and to Invite Eol from New Eligible Resolution Applicants by strictly Adhering to Time Bound CIRP Process

In a recent ruling, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) permits the Resolution Professional (RP) to issue a fresh Form G and to invite expressions of interest (EoI) from new and eligible resolution applicants by strictly adhering to the time-bound CIRP process. JM Financial Asset Reconstruction Company Ltd, the appellant,…

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Meta CEO Mark Zuckerberg offering Rs 860 crore packages to hire AI talent: Report According to the report, Mark Zuckerberg personally contacted hundreds of scientists, researchers, engineers and entrepreneurs in recent months in a bid to attract them to Meta’s newly established Superintelligence lab. This level of personal involvement has included direct messages, private meetings,…