Anjan Dasgupta and Ajay Shaw, partners at DSK Legal The Supreme Court, in its recent ruling, held that spectrum allocated to Telecom Service Providers (TSPs), even if reflected in their books of account as an “asset”, cannot be subjected to proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC). The judgment has significant implications for…
Introduction The Insolvency and Bankruptcy Code, 2016 (IBC), is an Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons and partnership firms. The primary objective of the Code is to ensure timely resolution, preserve enterprise value, promote the availability of credit, and balance the interests of all stakeholders.…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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JOHANNESBURG (AP) — Five miners who were trapped last week after a mudslide flooded a shaft remain unaccounted for and are “now presumed deceased,” the owners of the diamond mining company in South Africa said Wednesday, announcing that it had filed for liquidation and shut the mine. The incident occurred in the early hours of…
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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…