NCLT Mumbai: Petition Under Section 9 Cannot Be Filed Only For Recovery Of Interest Component – Live Law – Indian Legal News

The National Company Law Tribunal (NCLT), Mumbai Bench comprising of Mr. Kishore Vemulapalli (Judicial Member) and Mr. Prabhat Kumar (Technical Member), dismissed a petition filed in TCL Cables Pvt. Ltd. vs. Shapoorji Pallonji & Company Pvt. Ltd. by TCL Cables Pvt. Ltd. (Operational Creditor) for initiation of Corporate Insolvency Resolution Process (CIRP) against Shapoorji Pallonji…

NSW Labor pledges $2.2bn for housing and infrastructure in first budget in a decade – The Guardian Australia

The New South Wales government has vowed to invest $2.2bn in housing and infrastructure projects, including new roads and schools, in Labors first state budget in more than a decade. The government has forecast a $7.8bn deficit this financial year but expects a string of modest surpluses after that, bankrolled by its big twin revenue…