The National Company Law Tribunal (NCLT) at New Delhi has held that advances paid for the supply of raw material under a job work arrangement can be treated as corporate insolvency resolution process costs if they were necessary to keep the corporate debtor functioning as a going concern during CIRP. A coram of President Justice…
Autagco Loses Control of The Green Bar as Liquidation Advances TipRanks Read the original article here
New Delhi: The Insolvency and Bankruptcy Code (IBC) framework in 2025 was marked by mounting stress on timelines and capacity, with resolution processes stretching far beyond the statutory limits, despite efforts by the National Company Law Tribunal (NCLT) to cope with its limited capacity. Senior advocates and legal industry experts have voiced concerns over systemic…
New Delhi, Dec 31 (PTI) The Insolvency and Bankruptcy Code (IBC) framework in 2025 was marked by mounting stress on timelines and capacity, with resolution processes stretching far beyond the statutory limits, despite efforts by the National Company Law Tribunal (NCLT) to cope with its limited capacity. Senior advocates and legal industry experts have voiced…
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Louise remembers receiving a notice from the Australian Taxation Office (ATO) telling her she had just 21 days to pay about $20,000 of tax debt racked up in her name without her knowing. Last year, Louise (her real name has been concealed for her protection) received a director penalty notice (DPN) from the ATO for…
SDAI Limited – Compulsory Liquidation Update for KHL Marketing Asia-Pacific Pte Ltd Key Highlights from the Latest Monthly Update Continuation of Compulsory Liquidation: The board of SDAI Limited has released its latest monthly update regarding the compulsory liquidation of its subsidiary, KHL Marketing Asia-Pacific Pte Ltd, in compliance with Rule 704(22) of the SGX Catalist…
Sing Holdings Limited: Voluntary Liquidation of Fernvale Green Pte. Ltd. Key Highlights Sing Holdings Limited has placed its 70%-owned indirect dormant subsidiary, Fernvale Green Pte. Ltd., under members’ voluntary liquidation. Fernvale Green Pte. Ltd. is a dormant entity, with no active business operations. The company stated the liquidation is not expected to have any material…