Serial entrepreneur C Sivasankaran, promoter of Siva Industries, has filed an appeal in the National Company Law Appellate Tribunal (NCLAT), Chennai, against the recent order of the National Company Law Tribunal (NCLT), Chennai, on liquidation of Siva Industries. The matter is listed for hearing on Monday. The NCLT, on August 12, ordered liquidation of Siva…
In its second annual list, ALB showcases outstanding private practitioners in India when it comes to client service. These lawyers were selected based on client recommendations sent directly to ALB. The list is in alphabetical order, and some lawyers have been profiled. VINEET ANEJA, managing partner and head of corporate practice, Clasis Law Aneja, who…
BELGRADE (Serbia), September 6 (SeeNews) – Serbian company Konvar has acquired the assets of bankrupt pharmaceutical firm Jugoremedija from Czech Republic-based APS Capital Group’s subsidiary Project One for an undisclosed sum, data from the country’s commercial register showed on Monday. The ownership change at Jugoremedija was entered into the register on August 30, according to…
Dear Penny, Were a middle-age married couple without kids or a mortgage. Weve been married for a few years, and my partner has had a gambling problem since before our marriage. The issue escalated during the pandemic. Though our income decreased, the more time available meant more gambling time to him. I took several loans…
The Scottish Government has teamed up with StepChange Debt Charity Scotland, to launch a new handbook designed to help improve access to free advice services for struggling Scots. The Scotland Debt Guide is being introduced at a time of widespread financial distress in Scotland after polling showed that thousands of people are struggling with debt…
The insolvency regulator has called for public comments on a proposal to introduce a code of conduct for Committees of Creditors (CoC), of companies undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). We examine the need for a code of conduct for the CoC and key issues raised in the proposed policy. Newsletter…
Mallinckrodt looks like it could join Purdue Pharma in reaching a settlement in its bankruptcy proceedings related to opioid litigation, after years of legal wrangling. The Ireland-headquartered pharma company filed for bankruptcy last year, after proposing a $1.6 billion payout to settle lawsuits claiming that its marketing of opioid painkillers helped to fuel an epidemic…
Rounders was quite a moderate hit at the box office when it came out but later on, with the rise of casinos and online casinos and the popularity of poker, this movie became one of the most famous. A Rounder is someone who travels around, hopping from one city to another city, competing in high…
Jet Airways has announced that its wide-body Boeing 777 aircraft under the custody of the Dutch administrator has been sold. In a regulatory filing on Saturday, the airline mentioned that the insolvency process against it the Netherlands now stands concluded after the sale. The Boeing 777 aircraft was sold to IAGCAS 777, LLC for $9…
Corporate money has a powerful and malign influence on so many aspects of American life. But even by that low standard, events this past week in a New York bankruptcy court are shocking. The legal system has effectively allowed one of Americas richest families to buy its way out of accountability for what a White…