The Supreme Court of India has held that while a creditor’s counterclaim against a corporate debtor stands extinguished if it is not included in an approved Resolution Plan, the creditor may still raise the plea of “set-off” as a defensive measure in pending arbitral proceedings. A Bench comprising Justice Dipankar Datta and Justice Augustine George…
The review at a glance The UK Government has published its statutory review of the effectiveness of the permanent measures introduced by the Corporate Insolvency and Governance Act 2020 (CIGA 2020). CIGA 2020 came into force on 26 June 2020, during the height of the COVID-19 pandemic, with the goals of supporting businesses through the…
While the German government is pouring hundreds of billions of euros into rearmament and war, the jobs massacre in the automotive, supplier, chemical, steel and other key industries continues unabated and is now extending to the services sector. The trade unions are ensuring that job cuts proceed smoothly, and that any resistance is crushed at…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Friday issued notice to the monitoring committee of bankrupt Jaiprakash Associates Ltd (JAL) on a plea by Velocity Enterprises, a Bhopal-based contractor, challenging the rejection of its claim under the insolvency process. The appellate tribunal said the matter warranted consideration and directed that the bank…
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Award-winning chocolate factory plunges into liquidation ahead of Easter – after 20 years in business The Sun Read the original article here
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Head of troubled firm used investor funds to buy now-suspended shares in his brother’s company Stuff Read the original article here
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Standard Chartered, BSI lose bid to join cases in Singapore winding up firms with assets linked to 1MDB Reuters Read the original article here