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The ED has consistently argued that proceeds of crime never lawfully vest in the corporate debtor and therefore do not form part of the insolvency estate. Introduction The interface between the Prevention of Money-Laundering Act, 2002 (PMLA) and the Insolvency and Bankruptcy Code, 2016 (IBC) raises one of the most fundamental questions in contemporary Indian…
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…
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Dragons’ Den business forced into liquidation with £250,000 debt after being savaged by show’s experts last night The Sun Read the original article here
The founders of Canadian luxury retailer Ssense have secured court approval for their buyout offer, blocking a deal by lenders pursuing a liquidation of the company. The Quebec Superior Court notified the company’s advisor, Ernst & Young, that the bid submitted by the founders – brothers Rami, Bassel and Firas Atallah – alongside their strategic…