India’s National Company Law Tribunal (NCLT) in New Delhi, the principal forum for insolvency resolution and corporate disputes, is facing what lawyers describe as an “unprecedented breakdown” of judicial functioning, as unsafe infrastructure has forced multiple courtrooms to shut and proceedings to be drastically curtailed.

The crisis came to a head this week when the 8th floor of Block 3 at the CGO Complex—home to three NCLT courtrooms—was declared unsafe due to severe roof seepage. With Court Nos. IV, V and VI out of action, the tribunal has been forced into a half-day schedule, operating only three of its six…

Synopsis:
On Friday, the shares of a prominent international provider of communication services fell after Bank of Baroda had officially classified the loans of Reliance Communications and its former director, Anil Ambani, as fraudulent.

The shares of the telecommunication firm engaged in offering a comprehensive suite of telecom services, covering wireless, wired connections, domestic, and direct-to-home services, gained attention after the Bank of Baroda had categorized the loans with Reliance Communications and former director, Anil Ambani, as fraud.

With a market capitalization of Rs.389.94 crore, the shares of Reliance Communications Limited were trading at Rs.1.38, down by 3.50 percent from the previous day’s…

Australians who were left with missing teeth and drained superannuation accounts for unfinished work at a dental chain are unlikely to see their money again, according to the company’s liquidator.

A report to creditors by the liquidator of Supercare Dental and Cosmetics Tuggerah said its ongoing investigations indicate financial mismanagement, along with suspected statutory breaches, led to the company’s failure.

The liquidator said it had received more than 330 unsecured creditor claims, totalling almost $2.8 million.

The majority of those claims — more than $2.1 million — were from former patients who had paid up-front for services the company never provided.

The liquidator said its investigations indicate the director transferred…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

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A piece of industrial history in the Murg Valley is on the brink of collapse: packaging manufacturer Casimir Kast has filed for insolvency. The family business, founded in 1550, employs around 160 people.

One of Germany’s oldest family businesses is in financial difficulties: Casimir Kast…