MicroStrategy is down over 55% from peak, fueling forced liquidation concerns – MSN
MicroStrategy is down over 55% from peak, fueling forced liquidation concerns MSN Read the original article here
Club in liquidation. Blame those who gossiped
Alma Juventus Fano officially ceases its competitive activity and will therefore face definitive exclusion from the championship of Excellence at the fourth match in which he will not show up. The president and administrator of the company Salvatore Guida announced that “Alma has been placed into liquidation by a trusted professional firm and will sadly…
‘Blue Book’ launched to strengthen corporate insolvency and restructuring
In a bid to equip Ghanaian businesses with essential legal knowledge for navigating corporate growth and financial uncertainty, the book Companies, Corporate Insolvency and Restructuring in Ghana: The Law and Practice (Volume 1) has been officially launched. Authored by Ace Anan Akomah et al., the book—also known as the Blue Book—serves as a comprehensive guide…
Insolvency plea against Coffee Day barred by limitation: NCLAT
This led to the appeal before NCLAT. The NCLAT arrived at the following conclusions: Invalid Authorization: The tribunal found that Manohar Maddili, who filed the application on behalf of IDBI, did not hold a valid power of attorney at the time of filing. The authority granted to him had been superseded by a subsequent resolution…
The Supreme Court’s order has implications for India’s merger control regime
When this approval is sought is important, as a balance must be maintained between the CCI’s review of competition dynamics and the time-sensitive insolvency process. Also Read: There’s no arguing with the broad thrust of CCI’s order on WhatsApp’s use of data Recently, the Supreme Court in the case of Independent Sugar Corporation Ltd vs…
NCLAT sets aside insolvency process against Cafe Coffee Day’s parent company
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the National Company Law Tribunal (NCLT) that allowed corporate insolvency resolution process (CIRP) against Coffee Day Enterprises Ltd (CDEL), the operator of the Cafe Coffee Day chain. A two-judge panel of the Chennai bench of the NCLAT, comprising Judicial Member Justice Sharad…
NCLAT Sets Aside Insolvency Process Against Cafe Coffee Day's Parent Company – Moneylife
NCLAT Sets Aside Insolvency Process Against Cafe Coffee Day’s Parent Company Moneylife Read the original article here
Gratuity Dues of Workers not Part of ‘Liquidation Estate’ of Corporate Debtor
Gratuity payments are classified as excluded dues and therefore, remain outside the scope of asset distribution among creditors under the waterfall mechanism in Section 53 of the IBC The Calcutta High Court ruled that gratuity obligations are not included in the corporate debtor’s liquidation estate as defined under the Insolvency and Bankruptcy Code, 2016 (IBC),…
Discussion paper released on corporate misuse of the Fair Entitlements Guarantee
On 17 February 2025, the Department of Employment and Workplace Relations (DEWR) issued a discussion paper addressing corporate misuse of the Fair Entitlements Guarantee (FEG). The paper sets out several options for reform aimed at addressing and putting an end to future misuse of FEG by unscrupulous corporate actors. Key takeaways The Department of Employment…
When Debt Is Not Unequivocally Admitted By Corporate Debtor, Application U/S 9 Of IBC Must Not Be Entertained: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that the application under section 9 of the Insolvency and Bankruptcy Code, 2016 (Code) cannot be entertained when the debt is not unequivocally admitted by the…