The employees’ unions of two defunct units of, for which bidders have been invited to conduct an e-auction, urged liquidator to disclose valuation of oil reserves in the Cachar Paper Mills land area TopicsHPCL|oil reserves|valuation The employees’ unions of two defunct units of Hindustan Paper Mills Corporation Ltd, for which bidders have been invited to…
By Mariya Paliwala – On July 3, 2021 1:50 pm The Kerala High Court ruled that the High Courts should refrain from interfering with Corporate Insolvency Resolution Process as Insolvency and Bankruptcy Code, 2016 (IBC) is self contained Code. The petitioners, M/s Orlem Pharma Pvt. Ltd. and St. Antonys Medical Distributors challenge the Corporate Insolvency…
The ACT Health Minister has called on the federal government to reconsider cutting off Canberra from bulk-billing incentives, as 30,000 members of a key affordable healthcare provider face an uncertain future. However, Royal Australian College of General Practitioners president Karen Price said bulk billing wasn’t the answer and broader reform of the system was needed.…
Kavinda Herath/Stuff The Donald Buckley Photo & Frame store in Invercargill, and one in Gore, are closing their doors on Friday, after more than 40 years in business in Southland. A well-known Southland photography business has gone into liquidation and its stores in Invercargill and Gore are closing down, largely because locals didnt support it,…
Insolvency and Bankruptcy Code, 2016 is a comprehensive law that consolidates into its manifold both the consequential aspects of an economic collapse of a debtor rehabilitation and liquidation. The principal objective of the law is to restructure and resolve insolvency of corporate persons, partnership firms and individuals promptly for leveraging the maximum value of assets…
Companies Act, 1956, Corporate Insolvency Resolution Process, Swiss Ribbons Private Limited v. Union of India, Insolvency and Bankruptcy Code, NCLT Top Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/law-firms/law-firm-articles-/companies-act-1956-corporate-insolvency-resolution-process-swiss-ribbons-private-limited-v-union-of-india-insolvency-and-bankruptcy-code-nclt-176680
Thursday, July 1, 2021 Introduction The government needs to amend the IBC regulation and recognize the difference between various classes of creditors basis priority and value of security interest in the context of corporate insolvency resolution process and corporate liquidation process while ensuring that the ultimate objective of the Code is not obfuscated. The treatment…
Supplied Fly My Sky flew to Great Barrier Island and back seven days a week. The operator of Auckland airline Fly My Sky has gone into liquidation. The registered company behind the third tier airline Commercial Helicopters had Clive Bish of Ecovis KGA appointed as a liquidator on Wednesday. Fly My Skys website has been…
A lifeline for struggling businesses in the United Kingdom the most significant insolvency reforms for a generationCorporate Insolvency and Governance Act 2020The Corporate Insolvency and Governance Act 2020 (the Act) entered into force on 26 June 2020. The Act represents the most significant reforms to the insolvency framework in the United Kingdom since, at least,…
The Mumbai chapter of the National Company Law Tribunal (NCLT) ordered the liquidation of Nakshatra World, a subsidiary of , one of the group companies promoted by fugitive businessman Mehul Choksi. The ruling came on an insolvency petition ICICI Bank filed around two years ago against the company, which was also allegedly involved in a…