ISLAMABAD: A medical board will evaluate this week Zahir Zakir Jaffer, convicted of the brutal murder of Noor Mukadam, as part of procedural requirements for his mercy petition before Pakistan President Asif Ali Zardari, a senior jail official said on Monday.

Mukadam, the 27-year-old daughter of a former diplomat, was brutally murdered by Jaffer at his Islamabad residence in July 2021, with investigations confirming she was tortured before being beheaded. A trial court sentenced Jaffer to death in 2022, a verdict later upheld by the Islamabad High Court in 2023.

In…

In a fresh setback for edtech major Byju’s, the Supreme Court has rejected pleas to withdraw insolvency proceedings filed against the company. The pleas were submitted by the cricket board, BCCI and Byju’s promoter Riju Raveendran.

BCCI had initiated the insolvency petition over unpaid dues amounting to ₹158 crore. The cricket board is now claiming settlement with Byju’s, with Riju Raveendran assuring payment of the outstanding dues.

Citing this proposed settlement, both BCCI and Raveendran sought to withdraw the insolvency proceedings.

However, both had challenged prior orders by the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), which refused to allow the withdrawal.

The tribunals…

A property development company owned by Auckland Mayor Wayne Brown’s chief of staff, Jaswant Sailendra Singh (also known as Jazz), has gone into liquidation owing $570,000 in tax, a development of which the mayor was reportedly unaware, Newsroom has reported.

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At the Federal Trade Commission’s request, a federal court has temporarily halted an alleged debt relief services scheme that targeted seniors, including veterans, using a wide range of deceptive conduct, including falsely impersonating consumers’ banks and credit card companies as well as government agencies.

The Commission filed a complaint against seven companies and three individuals operating the “Accelerated Debt” program that falsely claimed to reduce consumers’ debt by as much as 75% or more. The complaint also seeks monetary relief for consumers the companies defrauded.

“The defendants falsely posed as consumers’ banks and credit bureaus to mislead them into their paying thousands of dollars for their supposed debt…

SINGAPORE – After 13 years, Proof & Company Spirits – the Singapore-based distribution arm of independent spirits company Proof & Company – has entered provisional liquidation.

It cited closures in the food and beverage scene (F&B) as a reason for its decision to close.

“The decision follows a period of mounting challenges for the F&B and hospitality industry in Singapore, including the closure of some of the company’s longest-standing restaurant and bar customers,” the company said in a statement on July 21.

It told The Straits Times that 16 staff in Singapore will lose their jobs as a result of the closure.

The distributor, which most recently had an annual turnover of $7 million in Singapore and $34 million globally, has…

Singapore-based distributor Proof & Company Spirits has gone into liquidation, citing ‘mounting challenges’ for the region’s hospitality sector.

The move was also attributed to the closure of some of the company’s longest-standing restaurants and bars.

The decision, supported by the board of directors, shareholders and lenders, relates only to the Singapore arm of Proof & Company. The group’s operations in Hong Kong and New Zealand will continue to operate.

Furthermore, 28 HongKong Street, the company’s cocktail bar in Singapore, will continue to function as normal.

Proof Creative, the firm’s consultancy arm, will…

The book release of “Corporate Insolvency: The Road to Viksit Bharat — Law, Policy and Practice”, authored by leading insolvency lawyer and author Sumant Batra and published by EBC (Eastern Book Company) took place recently in the second week of July in New Delhi. The event featured distinguished dignitaries: Chief Guest: Justice A. K. Sikri, Former Judge, Supreme Court of India; International Judge, Singapore International Commercial Court and Guests of Honour: Justice Ashok Bhushan, Former Judge, Supreme Court of India & Chairperson, NCLAT, Mr. Amitabh Kant, Former G20 Sherpa & CEO, NITI Aayog; Senior Advisor, Fairfax and Mr. Sanjeev Sanyal, Member, Economic Advisory Council to the Prime Minister of India.

The excerpt below is a…

The National Company Law Tribunal (NCLT), Guwahati Bench of Mr. Rammurti Kushawaha (Judicial Member) and Mr. Yogendra Kumar Singh (Technical Member) has held that in the absence of the Liquidator’s fees being fixed by the Committee of Creditors (CoC) at the time of recommending liquidation under Section 33 of the IBC, and subsequently by the Stakeholders Consultation Committee (SCC) under Regulation 4(1A) of the Liquidation Regulations, 2016, the Liquidator is entitled to fees as per Regulation 4(2) of the Liquidation Regulations and not by way of fixed monthly remuneration.