The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that the interest cannot be added to the outstanding liability when there is no contract between the parties to this effect and no past practice justifying…
Australian industry association Meetings and Events Australia (MEA) has announced it will be entering Voluntary Administration after 50 years of service. The country’s longest-standing industry body for the events sector announced it will cease operations, and an administrator has been appointed. The announcement comes in the MEA’s 50th anniversary year. The MEA National Conference, due…
79680 Meetings and Events Australia (MEA), the country’s longest-standing industry body for the events sector, will be entering voluntary administration after 50 years of service to the events industry. MEA will cease operations and appoint an administrator with MEA noting that rising operating costs and declining financial backing had made it unsustainable. These challenges were…
IBLJ showcases 50 of the most interesting and significant deals from 2024, and reveals the lawyers and law firms that guided them India witnessed a dynamic year of deal-making in 2024, driven by a booming IPO market and swift transactions. The Economic Survey 2024-25, produced by the Ministry of Finance, has highlighted steady manufacturing growth,…
The National Company Law Tribunal (NCLT), Mumbai bench comprising K.R. Saji Kumar (Judicial Member) and Anil Raj Chellan (Technical Member) has dismissed the withdrawal application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC/Code) in the insolvency proceedings of Syska LED Lights Pvt. Ltd (Corporate Debtor). The Tribunal held that once a Corporate…
Bank of India has classified its Rs. 616.30 crore exposure to debt-ridden Rolta India Ltd as fraud, according to a regulatory filing submitted under SEBI (LODR) Regulations, 2015. The disclosure comes while the company undergoes the Corporate Insolvency Resolution Process (CIRP) under India’s bankruptcy law. Rolta India’s Insolvency Status The National Company Law Tribunal (NCLT),…
SpiceJet has successfully settled its dispute with Willis Lease Finance Corporation, a leading global aircraft engine lessor, resulting in a substantial saving for the airline. As part of the agreement, Willis Lease has withdrawn its insolvency case against SpiceJet, closing yet another chapter in the airline’s ongoing efforts to strengthen its financial foundation. This settlement…
Ehau told the Gisborne Herald that all building projects Hikurangi Enterprises had “on the book” were completed. “There are no contracted projects left up in the air,” he said. “What we did as an entity as we went through this process is make sure we had a people-centred approach to it. AdvertisementAdvertise with NZME. “We…
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We are proud of the rankings in the recently published Legal 500 EMEA edition. Wijn & Stael Advocaten is mentioned with the following practices: Restructuring & Insolvency (TIER 2), Commercial Litigation (TIER 3), Employment (TIER 4) and Environment and planning (TIER 3). We are very grateful for the great feedback we received from our clients.…