The National Company Law Tribunal (NCLT) at New Delhi has ruled that a financial creditor cannot refuse to pay its share of insolvency costs after participating in Committee of Creditors (CoC) meetings where those costs were placed before members and approved. A bench of Judicial Member Manni Sankariah Shanmuga Sundaram and Technical Member Atul Chaturvedi…
Business Restructuring Review Vol. 24 No. 1 | January–February 2025 | Insights | Jones Day …
Access Denied You don’t have permission to access “http://www.financialexpress.com/business/news/house-panel-moots-3-month-deadline-for-nclat-to-pass-orders/4080264/” on this server. Reference #18.a052017.1765981400.1b81ff3 https://errors.edgesuite.net/18.a052017.1765981400.1b81ff3 Read the original article here
USP Group Limited Declares Voluntary Liquidation of Subsidiaries Amid Restructuring TipRanks Read the original article here
Dog Consultancy, a Glasgow-based digital marketing agency known for working with blue-chip brands, has fallen into liquidation. On 21 November, Duncan Raggett and David McGinness of AAB were appointed as joint provisional liquidators following a court petition. The agency, which was incorporated in October 2023, counted major names such as Isle of Harris Distillery, The…
Bristol window and door specialist founded nearly 50 years ago ceases trading Business Live Read the original article here
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The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has dismissed the revenue department’s appeal and held that statutory dues that are not included in an approved resolution plan under the Insolvency and Bankruptcy Code (IBC), 2016 stand extinguished. PSL Limited (appellant) for whom the revenue sought to recover outstanding excise…
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The National Company Law Appellate Tribunal (NCLAT) at Delhi has held that a financial creditor can maintain its claim in the Corporate Insolvency Resolution Process (CIRP) of a corporate debtor that had stood as a guarantor for another company, even if the corporate guarantee was never invoked. It further held that invocation of a corporate…