Strategic buyers and investors scouting for insolvency-affected cement assets, ET LegalWorld

Several strategic buyers as well as investors are actively scouting for cement manufacturing companies which are currently undergoing the corporate insolvency resolution process under the Insolvency & Bankruptcy Code. One of the most sought-after assets in the sector is the cement business of debt-laden Jaiprakash Associates Ltd (JAL). The company has four plants in North…

Vinyl Me, Please appears to go into liquidation amidst complaints of “ghosting” customers and unfulfilled orders

It appears that Vinyl Me, Please may be going into liquidation, as customer complaints begin to mount – claiming that they have been “ghosted” by the company and orders have gone unfulfilled. Reports of the Denver-based company beginning to struggle were first shared by the Denver Post, which highlighted how several customers had filed complaints…

Boardroom Brief: Week commencing 1 July 2024

This is a service specifically targeted at the needs of busy non-executive directors (NEDs). We aim to give you a ‘heads-up’ on the things that matter for NEDs in the week ahead – all in two minutes or less. In this edition, we discuss the report issued by the Australian Council of Superannuation Investors (ACSI)…

Section 8 IBC | Service Of Demand Notice On Corporate Debtor’s Key Managerial Personnel At Registered Office Is Valid: Supreme Court

In a significant ruling clarifying the procedural requirements under the Insolvency and Bankruptcy Code, 2016 (IBC), the Supreme Court on April 29, 2025, held that service of a demand notice under Section 8 of the IBC on the Key Managerial Personnel (KMP) of a corporate debtor at its registered office constitutes valid service. The Court…