Material Placed By Financial Creditor In Section 7 IBC Application Should Be Examined; Corporate Debtor Can’t Delay Process By Raising Moonshine Defence: Supreme Court

The Supreme Court has reiterated that the proceedings under the IBC cannot be defeated by a corporate debtor by raising a moonshine defence only to delay the process. The Apex Court further affirmed that the adjudicating authority must advert to the contentions put forth on the application filed under Section 7 of the IBC and…

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SIA Engineering Appoints Liquidators for Voluntary Liquidation of Dormant Subsidiary NexGen Network (2) Holding Pte. Ltd – Minichart

SIA Engineering Company Appoints Liquidators for Dormant Subsidiary Key Highlights SIA Engineering Company Limited (SIAEC) has initiated a member’s voluntary liquidation for its dormant, wholly-owned subsidiary, NexGen Network (2) Holding Pte. Ltd. (NGN2). Liquidators have been formally appointed to oversee the process. NGN2 is incorporated in Singapore and has been classified as dormant, meaning it…

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