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Johnson Winter Slattery appoints… – Johnson Winter Slattery

Johnson Winter Slattery (JWS) has appointed Alistair Fleming as a partner in the firm’s Restructuring & Insolvency team. He will be based in Perth.  Alistair practises in corporate restructuring and insolvency and commercial litigation. He advises on all aspects – both contentious and non-contentious – of informal and formal insolvency and restructuring processes, and on transactions involving…

Insolvency Proceedings Can’t Be Initiated Against Corporate Debtor For Non-Payment Of Debt When Creditor Owes Larger Amount To Debtor: NCLT Delhi

The National Company Law Tribunal (NCLT), Mumbai bench of Justice V. G. Bisht (Judicial Member) and Shri Prabhat Kumar (Technical Member) dismissed a section 7 petition on the ground that Financial Creditor cannot seek insolvency of a debtor alleging default in payment of a financial debt when such creditor owes more than the amount claimed…