Government, IDC oppose Tongaat Hulett liquidation – The Mail & Guardian

While Tongaat Hulett Pty Limited’s (THL) business rescue practitioners (BRPs) seek liquidation, parties opposed to the move have filed court papers to block it. (Delwyn Verasamy/M&G) While Tongaat Hulett Pty Limited’s (THL) business rescue practitioners (BRPs) seek liquidation, which they regard as a solution to the financially-ailing South African sugar producer, parties opposed to the…

NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]

The National Company Law Appellate Tribunal(NCLAT) has looked at the ambit and procedure for conducting the CorporateInsolvency Resolution Process (CIRP) in the context of the Corporate Insolvency Proceedings initiated on account of Defaults related to IL&FS Financial Services Ltd. (IL&FS) , particularly in the context of Real Estate Entities. The NCLAT, while dealing with the…

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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…