Home/Corporate Laws/Joint Financial Creditors Can Aggregate Dues to Meet ₹1 Crore IBC Threshold: NCLT [Read Order] Corporate LawsLaw Report NCLT admitted CIRP as joint creditors’ aggregate default exceeded ₹1 crore and statutory requirements were satisfied. Get the day’s tax rulings in your inbox × The case number, coram and counsel for this order are part…
Home/Corporate Laws/Running Accounts with Post Supply Trade Discounts become due only at Financial Year-End: NCLT admits CIRP Over ₹1.92 Crore Default [Read Order] Corporate LawsLaw Report NCLT admits CIRP as debt crystallised at year-end, with no pre-existing dispute and claim within limitation. Get the day’s tax rulings in your inbox × The case number, coram…
Home/Corporate Laws/NCLT Admits ₹164.03 Cr CIRP Plea; Rejects Claim of Debt Discharge and Pending Arbitration Corporate LawsLaw Report NCLT admits CIRP after finding financial debt and default established despite settlement, repayment and pending arbitration claims. Get the day’s tax rulings in your inbox × Headnote⁂ Omkara Assets Reconstruction Pvt. Ltd. Vs ESPO Developers Pvt. Ltd.…
The Supreme Court recently held that the National Company Law Tribunal (NCLT) can recall an order admitting insolvency proceedings if it later finds that the case was started through fraud or collusion. This can include cases where the claimed debt, which formed the basis for starting the insolvency process, is found to be fraudulent. A…
REVEALED: Liquidator appointments for businesses in the Casey council area for October 9 Herald Sun Read the original article here
REVEALED: Liquidator appointments for businesses in the Livingstone council area for October 7 The Courier Mail Read the original article here
REVEALED: Liquidator appointments for businesses in the Kalamunda council area for October 6 The Daily Telegraph Read the original article here
REVEALED: Liquidator appointments for businesses in the Banyule council area for October 7 Herald Sun Read the original article here
REVEALED: Liquidator appointments for businesses in the Newcastle council area for October 7 The Daily Telegraph Read the original article here
REVEALED: Liquidator appointments for businesses in the Lake Macquarie council area for October 7 The Daily Telegraph Read the original article here