NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]

https://www.taxscan.in/tags/national-company-law-tribunal The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, upheld the National Company Law Tribunal (NCLT) order directing contribution to the assets of a corporate debtor after finding that a share transaction with a related party was carried out with the intent to defraud creditors. The appeal arose from proceedings under…

van Eyk administrator recommends liquidation

van Eyk’s administrator has recommended winding up the research house, ahead of a meeting tomorrow to determine the company’s fate. A month after being appointed administrator for the troubled research house, Trent Hancock, of Moore Stephens Corporate Recovery, said in a report to creditors it would be in the best interests of creditors to wind…

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To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…