The Firm advised and represented the committee of creditors (“CoC”) of Vidarbha Industries Power Limited (“Corporate Debtor”) during the corporate insolvency resolution process (“CIRP”) of the Corporate Debtor under the provisions of the Insolvency and Bankruptcy Code, 2016, as amended (“Code”). The CoC comprised of CFM Asset Reconstruction Private Limited and Pallas Holdings Limited. The…
Bank Can Classify Corporate Debtor’s Account As Fraud During CIRP, Such Classification Is Not Hit By S.14 … Live Law Read the original article here
The Insolvency and Bankruptcy Code (IBC), since its enactment, has undergone six legislative amendments aimed at strengthening the insolvency framework and enhancing procedural efficiency in line with evolving market dynamics. This information was provided by the Minister of State in the Ministry of Corporate Affairs, Harsh Malhotra, in response to an Unstarred Question in the…
The Library Nightclub: Tax officials want to close the book on Yusuf Khan, Cynthia Lu’s Northbridge venue The West Australian Read the original article here
The weekend before last, Brown asked Wilson to look into Singh’s business interests. Today, Wilson said everything was above board from a business point of view, appropriate declarations were made to the council about a development Singh was undertaking, and there was no evidence of impropriety or conflicts with his work responsibilities. Jazz Singh (left),…
GS E&C’s Modular Business Takes a Hit, British Subsidiary to be Liquidated Businesskorea Read the original article here
Popular shoe company files Chapter 7 bankruptcy, liquidating TheStreet Read the original article here
The application related to a $225,000 debt. A decision by Justice Lester says the debt was subject to a default judgment last year in the District Court. It arose out of a personal guarantee Li gave in respect of his company Kumeu East Realty Ltd (KERL) for building supplies purchased on its Carters trade account.…
Director facing investigation as Wagyu empire debt climbs to $20m The Press Read the original article here
Timaru plumbing company Nexus Services in liquidation The Press Read the original article here