Corporate insolvency plea against Cafe Coffee Day stayed, next hearing on September 20 – The New Indian Express

By Online Desk The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has stayed the admission of a corporate insolvency plea against cafe chain Cafe Coffee Day (CCD). The Bengaluru bench had earlier admitted the plea which the Chennai bench stayed until the next hearing of the appeal filed by CCD’s CEO Malavika…

Corporate Distress And Compassion: Integrating Humanitarian Values Into NCLT's Decisions – Live Law – Indian Legal News

The Insolvency and Bankruptcy Code, 2016 (IBC) is a landmark legislation that aims to provide a speedy and efficient resolution of Insolvency and Bankruptcy cases in India. The IBC empowers the National Company Law Tribunal (NCLT) to admit and adjudicate applications for initiating Corporate Insolvency Resolution Process (CIRP) against defaulting companies. The IBC’s primary goal…

Dairy creditors owed millions, farmer quits the industry following Country Valley milk processor collapse – ABC News

A dairy farmer from the New South Wales South Coast has quit the industry following the collapse of a milk processor that he says owes him tens of thousands of dollars. Key points: Country Valley has entered liquidation with creditors owed over $3 million Jamberoo farmer Steven Downes says he is unlikely to see the $50,000…