The Liquidator undertakes the Insolvency Resolution Process in light of lack of any promoters or directors of the company being present or reachable In a recent ruling, the West Bengal Authority for Advance Ruling (AAR) has held that any sale of assets of a company in liquidation conducted by its liquidator qualifies as a supply…
Tuesday, 4 March 2025 08:26 The Department for Enterprise says it won’t know how much government money has been recovered from a failed TT merchandise business until it’s been liquidated. Cube International – which won the contract to supply official TT merch – collapsed in 2023 owing more than £160,000. A Freedom of Information request…
The National Company Law Tribunal (NCLT), New Delhi bench of Shri Manni Sankariah Shanmuga Sundaram (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) has admitted insolvency proceedings under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC/ Code) against Ansal Properties and Infrastructure Limited. The Tribunal declared moratorium under section 14 of the Code.…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
BILLS General Counsels’ Association of India gives major recommendations for Draft Advocates (Amendment) Bill, 2025 In the run-up to the decision to amend the Advocates Act, 1961, whereby the Government of India released draft Advocates (Amendment) Bill, 2025, for public consultation; the General Counsels’ Association of India (GCAI), in its letter dated 23-2-2025 to the…
The sales conducted by the IRP Liquidator on behalf of the liquidating company constitutes the provisions of “Supply” under the CGST Act, 2017 In a notable ruling, the West Bengal Authority for Advance Ruling (AAR) has declared that an Insolvency Resolution Professional (IRP) or liquidator appointed by the NCLT is required to obtain GST registration…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Ecsponent, the financially distressed previously JSE-listed company now named Afristrat Investment Holdings, has paid the former client that launched a high court application to liquidate the company in an attempt to get paid the R433 000 owing to it for services provided. The settlement agreement will possibly result in Afristrat relaunching its high court application…
New research has revealed that personal insolvency agreements (PIAs), or Part X agreements, are surging in popularity over bankruptcies to effectively negotiate legacy debts. You’re out of free articles for this month Based on statistics from the Australian Financial Security Authority (AFSA), PIA numbers had almost reached pre-COVID-19 levels, which demonstrated a growing trend in…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…