The National Company Law Tribunal [NCLT] Chennai bench, has accepted a petition regarding the initiation of a Corporate Insolvency Resolution Process in regard to Hotel Radha Prasad Private Limited holding that a corporate guarantor can be proceeded against for financial debt caused by a partnership firm. The petition has been filed under Section 7 of…
Liquidation for long-running specialist manufacturer after period of tough trading TheBusinessDesk.com Read the original article here
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Warning after leading Aussie women’s fashion labels go bust The New Daily Read the original article here
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The Guwahati Bench of the National Company Law Tribunal (NCLT) held that a mere denial of liability cannot constitute a pre-existing dispute where the corporate debtor had earlier acknowledged the outstanding dues and assured payment through email. Smartpaddle Technology Private Limited, the Operational Creditor, filed a Section 9 petition under the Insolvency andBankruptcy Code, 2016…
REVEALED: Liquidator appointments for businesses in the Parramatta council area for September 15 The Daily Telegraph Read the original article here