Resolution Professional to Conduct Corporate Insolvency Resolution Process: Role, Powers and Recent Regulatory Developments CAclubindia Read the original article here
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Collapsed Australian activewear brand Stax owed over $1.7 million in outstanding orders to almost 13,000 customers before appointing liquidators earlier this month, financial records show. The embattled company was placed into receivership in June, just four years after its founders were named on the AFR Rich List, and collapsed into liquidation as it urgently seeks a buyer. Stax…
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Former President Court of Appeal Justice Daniel Musinga ,Sammy Ndolo, Managing Partner at Cliffe Dekker Hofmeyr (CDH) and Law Society of Kenya Eric Kivuva launch the Corporate Insolvency Law book authored by Sammy Ndolo./HANDOUT Kenya’s corporate insolvency landscape has received a major boost following the launch of Corporate Insolvency Law, the country’s first comprehensive publication…
Aban Offshore appoints D. Suresh as Company Secretary scanx.trade Read the original article here
While granting relief to homebuyers stuck in a real estate dispute, the Supreme Court has held that the moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC) operates against the corporate debtor alone and no other category, whether it be any subsidiary company, manager/ director, or personal guarantor, can be added to it unless specifically…
The Jaipur bench of the National Company Law Tribunal (NCLT) has approved a resolution plan worth Rs 288.37 crore submitted by Oriental Structural Engineers Private Limited (OSEPL) for ACCIL Corporation Private Limited, the owner of the five-star Holiday Inn Jaipur City Centre, bringing the hotel company’s insolvency proceedings to a close nearly nine months after…