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The NCLAT has set aside an appeal by SEBI, where the markets regulator had asked the tribunal to recover the penalty imposed by it against an entity related to the diversion of funds in the Religare Finvest matter, saying such claims cannot be filed once the liquidation process begins under IBC.

There was no infirmity in the decision of the liquidator in not admitting the claim of SEBI arising out of the order passed by the Adjudicating Officer (AO) and filed after a delay of 797 days after the liquidation commencement date, it said.

The appellate tribunal upheld the order by NCLT and the liquidator of Annies Apparel, observing that…

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What’s the worst thing you’ve ever woken up to? A missed alarm? A regretful text?

Now imagine waking up in handcuffs, in a casino security room, and being told you owe $75,000 with absolutely zero memory of how you got there.

Welcome to Las Vegas, where even your amnesia has a credit limit.

Michael Duke Thomson, a 64-year-old attorney and longtime Aria Resort Casino regular, says his night out in January 2024 started innocently enough. 

He remembers leaving the high-limit blackjack room with a few thousand dollars in chips. A win! A vibe! A responsible adult moment!

The next thing he remembers is waking up the following morning in a casino holding area, cuffed, confused, and informed that he’d apparently signed eight gambling…

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Low-ball offeror – Whimp’s ‘hedge fund’ Chance Voight – has attracted attention from the agency.