Corporate Restructuring Companies Act 2016: Bill to facilitate revival of distressed assets, cos – Business Recorder

Restructuring

ISLAMABAD: The National Assembly has passed major amendments in the The Corporate Restructuring Companies Act 2016 to enable Corporate Restructuring Companies (CRCs) operate efficiently and extend financing facilities for carrying out the purposes of the CRC Act. The Corporate Restructuring Companies (Amendment) Bill 2021 was approved in NAs session on June 10, including other 20…

Sole Decision of Related Parties Financial Creditors Could Be Fatal for Existence of Corporate Debtor: NCL … – taxscan.in

Liquidation

By Taxscan Team – On June 13, 2021 6:59 pm Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June The National Company Law Appellate Tribunal (NCLAT), Delhi Bench while quashing the Liquidation Proceedings ruled that the sole decision of related parties Financial Creditors could…

DHFL insolvency case: NCLT appoints panel to oversee resolution plan – Business Standard

Bankruptcy

The Mumbai bench of the NCLT approved Piramal Group’s resolution plan for the beleaguered DHFL on June 7. TopicsDHFL|NCLT|debt resolution Subrata Panda | Mumbai Last Updated at June 14, 2021 01:08 IST The National Company Law Tribunal (NCLT), while approving the resolution plan of Piramal Group for Dewan Housing Finance Limited (DHFL) has named a…

Dad’s double life as gambling addict in £500k of debt exposed by life-changing phone call – The Mirror

Gambling

A dad-of-three who stole 50,000 from his boss when his gambling addiction plunged him into debt has launched a project to help other gambling addicts. David Bradford from Sheffield was jailed for fraud on his wife Denise’s birthday in April 2014 – after hiding his addiction and 500,000 debt from the entire family. The accountant…