Industrialists, Lawyers and Chartered Accountants who gathered for a book launch by Sridhanya Foundation called the National Company Law Tribunal (NCLT) a powerful tool. The Centre has constituted NCLT under Section 408 of the Companies Act, 2013 (18 of 2013) from June 2016. The NCLT is a powerful tribunal, Justice N. Kirubakaran, judge, Madras High…
Chennai: A mammoth money-laundering case, hitherto discussed in hushed voices, has now come out into the open, with the Madras high court handing it over to the CBI. Arjunlal Sunderdas will ring a bell in the top echelons of industry, judiciary and politics, because scores of VVIPs had parked their money with the man with…
Following a number of corporate governance failures in situations of insolvency, the Government has published a consultation paper (located here) aimed at cracking down on directors and employers behaving irresponsibly. These reforms will give the regulatory authorities much stronger powers to come down hard on abuse and to make irresponsible directors bear the consequences of their…
INTEREST has gone through the roof just two days after receivers listed the luxury riverside home of one of Brisbanes prominent families. Receivers moved in midweek on the 1927 Spanish mission style home of Margaret Batt, wife of bankrupt whiskey and cattle baron Keith Batt who founded Nant Distilling Company. Called El Nido, the stunning…
Following a number of corporate governance failures in situations of insolvency, the Government has published a consultation paper (located here) aimed at cracking down on directors and employers behaving irresponsibly. These reforms will give the regulatory authorities much stronger powers to come down hard on abuse and to make irresponsible directors bear the consequences of their…
Reid & Taylor India (RTIL) has been admitted for insolvency and bankruptcy proceedings at the National Company Law Tribunal (NCLT) bench here. The Corporate Insolvency Resolution Process has begun and the 180-day deadline for a resolution plan set in. Edelweiss Asset Reconstruction Company (ARC) and Finquest Financial Solutions had filed…
Back in Sydney Erica and the kids have been staying at the impressive Vaucluse mansion Coolong, the beachfront residence of expats Ivan and Marina Ritossa, which set a record back in 2008 when they bought it for a reported $44 million from the late Allco founder David Coe. Indigo and Jackson Packer fom a private…
Dubbo Regional Council has defended its original decision to appoint Shearer Contracting Pty Ltd which has now been placed in voluntary administration to deliver the Boundary Road extension. Work on the project was suspended this week, after Mitchell Griffiths and Chad Rapsey, of Rapsey Griffiths Insolvency and Advisory, were appointed joint and several administrators of Shearer Contracting…
Los Angeles, her “roots”. Back in Sydney Erica and the kids have been staying at the impressive Vaucluse mansion Coolong, the beachfront residence of expats Ivan and Marina Ritossa, which set a record back in 2008 when they bought it for a reported $44 million from the late Allco founder David Coe. Previous tenants of…
SALIM Mehajer is wasting now time getting back on the social media wagon after his release from prison. The controversial former Auburn deputy mayor posted the image of himself with the caption Back to busy-ness (sic) … WASTING NO TIME on Thursday night to his Instagram story. He could be seen in the picture smiling,…