Voluntary Liquidation and the risk of creditor fraud
The article summarizes the voluntary liquidation process and, in the later part, delves into its probable misuse vis-à-vis creditors of the corporate applicant.
Source: barandbench.com
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A. K. Capital Services Limited Approves Appointment of Independent Director
A. K. Capital Services Limited at their meeting held August 5, 2023, approved Appointment of Mr. Rajiv Bakshi as Additional Independent Director of the Company with effect from August 5, 2023....
Source: marketscreener.com
NCLT Chennai Orders Dissolution Of M/S Pillar Industries India Private Limited Under Section 59 Of IBC
The NCLT Chennai bench comprising of Ashok Kumar Bharadwaj (Judicial Member) and Sameer Kakar (Technical Member) has ordered for dissolution of M/s Pillar Industries India Private Limited (“the...
Source: livelaw.in
Bankruptcy Board amends regulations to reduce delays in insolvency process
Aiming to reduce delays and realise better value, the Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Liquidation Process)
Source: moneylife.in
Bankruptcy Board amends regulations to reduce delays in insolvency process
Aiming to reduce delays and realise better value, the Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Liquidation Process) (Second Amendment) Regulations 2022 (Amendment Liquidation Regulations), and IBBI (Voluntary ...
Source: prokerala.com