A FARMING empire patriarch has responded to claims he and the company he was a director of traded while insolvent for 11 months. Giatano (Guy) Barbera has vigorously disputed the allegations in papers lodged in the District Court this month in which he has asked for a judge only trial. Mr Barbera and his company…
Days after the National Company Law Tribunal initiated insolvency process against Jet Airways, its employees have received the first letter from Resolution Professional Ashish Chhawchharia. The letter, issued on June 20, states the Corporate Insolvency Resolution Process (CIRP) has started the insolvency process under the Insolvency and Bankruptcy Code (IBC). The bankruptcy tribunal has ordered…
Notice for the 14th Meeting of the Committee of Creditors of Southern Online Bio Technologies Limited (under Corporate Insolvency Resolution Process) under the provisions of The Insolvency and Bankruptcy Code 2016 read with Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations 2016. Day & Date: Tuesday 25th June, 2019.Time 4.00…
In Compliance of Para 16(g) of part A of Schedule III and Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018 (LODR), the Third meeting of Committee of Creditors (“CoC”) of Excel Glasses Limited was held on Friday, the 21st June,2019 at 3.00 pm BKC Centre, 31-E Laxmi Industrial Estate, New Link Road,…
Mills Oakley has deepened its litigation expertise with the recruitment of a high-profile litigator in Brisbane. Ashley Tiplady has joined the top firm as a partner based in Brisbane, making the move from boutique firm Russells. He also spent a majority of his career at MinterEllison. Tiplady is experienced in large bet-the-farm commercial litigation, defamation,…
Piper Alderman has promoted 27 lawyers to senior positions, including four partners and a special counsel. The four new partners are all based in the firms Sydney office. They include two female lawyers and increase the firms partnership to 75 a fourth of whom are female. The firms new partners are Daniel Fitzpatrick, Angelina Kozary,…
The rights of UK shareholders are being eroded by the rise of do-it-yourself investment companies, according to a review by the Law Commission into reforms aimed at boosting corporate governance and transparency. A little-known quirk surrounding the way customers buy shares and investments means that almost no UK investors legally own the shares they buy,…
Dhananjay Kumar and Hamraj Singh suggest ways to speed up insolvency resolution The Insolvency and Bankruptcy Code, 2016 (IBC) emphasizes the importance of time-bound reorganization and resolution for distressed entities and it is touted as one of its defining features. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016…
The NCLAT Thursday set aside orders of the NCLT Kolkata-bench, and directed it to hear the insolvency plea against Duncans Industries afresh filed by A J Agrochem, an operational creditor of the tea firm. Allowing the petition of Agrochem, a two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya has directed the National…
Mumbai: Credit rating agency Icra estimates that haircuts for operational are not materially different than the haircuts taken by the financial creditors for cases under the Insolvency and Bankruptcy Code (IBC). This analysis is based on the data for 92 corporate insolvency resolution plans (CIRPs) that have yielded a resolution plan up to 31 March,…