NCLT Admits Insolvency Plea Over ₹126.8 Cr Default, Rejects Corporate Debtor’s Debt & Limitation Objections [Read Order]

The National Company Law Tribunal [NCLT], Amaravati Bench, an application under Section 7 of the Insolvency and Bankruptcy Code 2016 has been admitted by SREI Equipment Finance Limited against Vijay Mining & Infra Corp Private Limited, wherein it is held that there was enough evidence about the existence of financial debt and default in payment…

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NTUC affiliate union, other bodies call on ex-True Group workers to seek assistance amid company liquidation

[SINGAPORE] The Singapore Manual and Mercantile Workers’ Union (SMMWU) – an affiliate union of the National Trades Union Congress (NTUC) – and other non-governmental bodies have called upon ex-True Group employees to seek required assistance. This comes as True Fitness and True Yoga are non-unionised, but there are workers who are members of SMMWU, a…