Mid-Day on MSN2h
Businessman files FIR against Sunshine Group developers over Rs 250 crore fraud
A major financial fraud has come to light, with Andheri-based businessman Pratik Vira filing an FIR against real estate developers Kashyap Mehta, Atul Bharani, and others associated with the Sunshine ...
Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders
The appellate tribunal also asked the liquidator to submit the minutes of the Committee of Creditors (CoC) meeting that led ...
Achievements of Godfred Dame (1 of 2): Protecting the public purse through litigation
Judgment debts have been a major problem and the Achilles heels of Attorneys-General in the recent past. Some dubious ...
RBI files Aviom Housing insolvency petition at Delhi NCLT, appoints 3-member panel to assist administrator
Within days of superseding the board and appointing an administrator, the Reserve Bank of India has filed an insolvency petition against the troubled housing finance firm Aviom India Housing Finance ...
Tax Guru22h
CoC’s Approval of Resolution Plan Not Reviewable unless Statutory Violations Occur
The CIRP for Jason Dekor commenced on December 19, 2019, and initially, the CoC decided to seek liquidation due to the absence of a viable Resolution Plan. However, after a legal challenge and a ...
Tax Guru22h
Financial Creditor’s can Invoke Pledge; IBC Application can e Admitted Despite Settlement Attempts: NCLAT
Financial Creditor had the discretion to invoke the pledge – IBC application can be admitted despite appellant’s ongoing attempts at settlement ...