Articles for Moratorium

Biden commutes sentences for 37 of 40 federal death row inmates
6 hours, 24 minutes ago

Biden commutes sentences for 37 of 40 federal death row inmates

Raw Story  

U.S. President Joe Biden on Monday commuted the death sentences of 37 of 40 federal inmates, taking action ahead of the return of Donald Trump who oversaw a sweeping number of lethal injections during his first term. The move leaves only a handful of high-profile killers who acted out of hate or terrorism facing the federal death penalty -- for …

Death Trump Penalty Biden Federal Death Row Row
IBC | Moratorium Does Not Extinguish Claim : Supreme Court
2 days, 8 hours ago

IBC | Moratorium Does Not Extinguish Claim : Supreme Court

Live Law  

The Supreme Court has held that a moratorium declared under Section 14 of the Insolvency and Bankruptcy Code, 2016 will not extinguish a claim. The Court stated that Section 14 bars the institution/continuation of legal proceedings against the corporate debtor, transfer of assets, enforcement of security interest etc. "If the argument that the claims of all the creditors of the …

Court Moratorium Section 14 Claim Supreme
Your rights in life and health insurance claims: Unpacking the moratorium clause
1 week ago

Your rights in life and health insurance claims: Unpacking the moratorium clause

Live Mint  

The fatal shooting of Brian Thompson, who was chief executive of UnitedHealth Group Inc.’s insurance arm, has turned the spotlight on insurance companies rejecting policyholders’ claims for various reasons. However, as per the moratorium clause for health insurance policies as defined by the Insurance Regulatory and Development Authority of India, if a policyholder has paid five or more annual premiums, …

Health Policy Insurance Fraud Life Health Insurance Period
Environmental groups condemn new laws threatening soybean restrictions in Brazil’s Amazon
1 week, 3 days ago

Environmental groups condemn new laws threatening soybean restrictions in Brazil’s Amazon

Associated Press  

BRASILIA, Brazil — Dozens of environmental nonprofits issued a manifesto Thursday condemning new laws in Brazilian states that threaten to dismantle the Amazon soy moratorium — a landmark voluntary agreement banning trade in soybeans from recently deforested areas. However, new laws recently enacted in the Amazon states of Mato Grosso, Brazil’s largest soybean producer, and neighboring Rondonia have cut tax …

Environmental Amazon Brazil Moratorium Tax Incentives New Laws Mato Grosso
Property Of Personal Guarantors Cannot Be Sold Under SARFAESI Act During Moratorium Period U/S 96 Of IBC: NCLT Mumbai
1 month ago

Property Of Personal Guarantors Cannot Be Sold Under SARFAESI Act During Moratorium Period U/S 96 Of IBC: NCLT Mumbai

Live Law  

The NCLT Mumbai bench of Mr. Charanjeet Singh Gulati and Justice Lakshmi Gurung has held that once a petition under section 95 of the IBC is filed, the interim moratorium under section 96 is triggered. Brief Facts This application has been filed by, Raghavendra Joshi under Section 60 r/w Section 60 of the Insolvency and Bankruptcy Code, 2016 read with …

Personal Mumbai Property Sale Bank Application Tribunal
Corporate Debtor's Property Cannot Be Recovered By Owner/Lessor During Moratorium Period U/S 14 Of IBC: NCLAT
1 month, 1 week ago

Corporate Debtor's Property Cannot Be Recovered By Owner/Lessor During Moratorium Period U/S 14 Of IBC: NCLAT

Live Law  

The NCLAT New Delhi bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr. Indevar Pandey affirmed that properties occupied by the corporate debtor cannot be recovered by owner/lessor during the moratorium period under section 14 of the IBC. Following alleged defaults in repayment by the CD, two conveyance deeds dated 27.02.2020 were executed, resulting in the sale of …

Delhi Property Corporate Debtor Tribunal Respondent Nclt Mou
Bali’s tourist surge: What you need to know about the island’s new tourism limits
1 month, 1 week ago

Bali’s tourist surge: What you need to know about the island’s new tourism limits

Hindustan Times  

On Indonesia's beach-fringed resort island of Bali, fed-up locals want to slow the mass tourism that is their biggest money earner -- hoping a plan to freeze hotel-building can restore some calm. ‘New Singapore’ Bali's lush canvas of rainforests, paddies and surf beaches that host luxury resorts and backpacker haunts has kept tourists coming back. Jakarta says the building freeze …

Tourism Indonesia Bali Southern Bali Tourist Surge
NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period
1 month, 3 weeks ago

NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period

Live Law  

The NCLT has admitted a Section 95 application filed by the applicant bank to initiate CIRP against the Personal Guarantor of M/s CMYK Printech Limited. The tribunal found that the liability of the Personal Guarantor is co-existing with that of the Principal Borrower and that it falls under the ambit of Section 128 of the Indian Contract Act, 1872. The …

Law Finance Corporate NPA New Delhi
Editorial: Newsom is right to crack down on Norwalk for banning homeless shelters
2 months, 2 weeks ago

Editorial: Newsom is right to crack down on Norwalk for banning homeless shelters

LA Times  

The Norwalk City Council adopted a moratorium on homeless shelters and supportive housing. Rob Bonta warned the ban violated several state planning and fair housing laws, Norwalk leaders went ahead and voted in September to extend the moratorium to August 2025 — blocking Los Angeles County from launching a new effort to move people living in an encampment along the …

Housing City Homeless State Newsom Los Angeles County Homeless Shelters
Bali to ban building in bid to tackle overtourism
3 months, 2 weeks ago

Bali to ban building in bid to tackle overtourism

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The moratorium is part of the government’s bid to reform tourism on Bali, one of Indonesia’s main attractions, to try …

Indonesia Bali Luhut
Loan moratorium declared for Vilangad landslip survivors
3 months, 2 weeks ago

Loan moratorium declared for Vilangad landslip survivors

The Hindu  

A meeting of officials of various banks has decided to declare a moratorium on loans of landslip survivors at Vilangad for a definite period of time. The meeting convened by District Collector Snehil Kumar Singh decided to offer relaxation up to five years for those who have lost their agricultural land, while others will get only a year’s time to …

Village Officer
WazirX pushes for restructuring as the fastest way to resume crypto operations
3 months, 3 weeks ago

WazirX pushes for restructuring as the fastest way to resume crypto operations

The Hindu  

During a digital town hall meeting on Monday, cryptocurrency exchange WazirX and financial advisory solutions company Kroll pushed for seeking a moratorium through the Singapore legal system, even as aggrieved users demanded access to their frozen funds after the July hack that led to the loss of over $230 million. The moratorium would serve to prevent legal action from being …

Binance Wazirx Crypto Exchange
CoinSwitch to file lawsuit against WazirX
3 months, 3 weeks ago

CoinSwitch to file lawsuit against WazirX

New Indian Express  

BENGALURU: Cryptocurrency exchange CoinSwitch, which has Rs 12.4 crore in INR, Rs 28.7 crore in ERC20 tokens, and Rs 39.9 crore in other tokens on WazirX, will take legal action to recover the funds. A cyberattack on WazirX recently led to theft of about Rs 2,000 crore funds. As an exchange aggregator, CoinSwitch maintains a small amount of liquidity on …

Wazirx Coinswitch
WazirX files moratorium application with Singapore court under insolvency act, seeks to restructure liabilities
3 months, 3 weeks ago

WazirX files moratorium application with Singapore court under insolvency act, seeks to restructure liabilities

Live Mint  

Zettai Pte Ltd, the holding company of the cryptocurrency exchange WazirX, posted on X on Wednesday, August 28, that it had filed an application with the High Court of Singapore under Section 64 of the Insolvency, Restructuring and Dissolution Act 2018. WazirX said the period will give it time to develop a restructuring plan that “represents the most efficient way …

Singapore Users Wazirx Zettai
Conservation efforts help revitalize Yangtze
3 months, 3 weeks ago

Conservation efforts help revitalize Yangtze

China Daily  

A fishing boat is hoisted out of the Ganjiang River to be scrapped and recycled in Taihe, Jiangxi province, in November. A recent assessment conducted by the China Institute of Water Resources and Hydropower Research shows that the aquatic biological integrity indexes in the Yangtze's mainstream, as well as Poyang and Dongting, the only two large lakes that remain naturally …

Fish Liu Conservation Efforts Yangtze Ochetobius
Claims Submitted After Resolution Plan Approval Including Related Moratorium Period Not Allowed Under IBC: NCLT Bengaluru
4 months, 3 weeks ago

Claims Submitted After Resolution Plan Approval Including Related Moratorium Period Not Allowed Under IBC: NCLT Bengaluru

Live Law  

The National Company Law Tribunal Bengaluru bench of K. Biswal and Manoj Kumar Dubey has held that claims submitted after the approval of the Resolution Plan, including those related to the moratorium period, are not allowed under the Insolvency and Bankruptcy Code. The NCLT noted that the RP's letter highlighted that some employees did not have Unique Identification Numbers due …

Resolution Employees Claims Held Period Plan Nclt
Dutch branch of clothing chain Esprit bankrupt, no prospect of restart
4 months, 3 weeks ago

Dutch branch of clothing chain Esprit bankrupt, no prospect of restart

NL Times  

The Dutch branch of the clothing chain Esprit has been declared bankrupt by the court in Amsterdam. All 18 Dutch stores were closed earlier this week after parent company Esprit Holdings started bankruptcy proceedings for the Dutch division. The brand rights are also outside the Dutch bankruptcy because they are housed elsewhere in the Esprit group. Esprit also complained about …

Dutch Esprit Clothing Chain
NCLAT Delhi: Set-Off With Refund Of Claim Between Expiry Of CIRP And Before Passing Liquidation Order Amounts To Violation Of Moratorium Under IBC
6 months, 3 weeks ago

NCLAT Delhi: Set-Off With Refund Of Claim Between Expiry Of CIRP And Before Passing Liquidation Order Amounts To Violation Of Moratorium Under IBC

Live Law  

The National Company Law Appellate Tribunal Delhi, comprising Justice Ashok Bhushan, Mr. Barun Mitra, and Mr. Arun Baroka held that the set-off/adjustment of demand with refund by Income Tax Department during the intervening period when the Corporate Insolvency Resolution Process timeline period has expired but before passing of Liquidation Order under Section 33 of Insolvency and Bankruptcy Code, 2016 amounts …

Delhi Corporate Tax Order Income Period Department
Tips for students to manage their educational loans effectively
6 months, 3 weeks ago

Tips for students to manage their educational loans effectively

The Hindu  

Many students who opt for higher studies abroad also take an education loan to cover their expenses. One thing that many students do not realise is that repaying the borrowed amount is equally important to build a healthy credit score, which helps later in life when one is considering other financial products such as car loans, home loans, or credit …

Expenses Financial Loan Repayment
Clash Of Jurisdiction: Analysing The IBC-PMLA Conundrum
7 months ago

Clash Of Jurisdiction: Analysing The IBC-PMLA Conundrum

Live Law  

The Indian Bankruptcy Code 2016 and the Prevention of Money Laundering Act 2002 are two separate laws that operate in their own specific areas. In the case of Rajiv Chakraborty Resolution Professional of EEIL vs Directorate Of Enforcement, the main issue that arose was when the PMLA freeze 74 accounts of the corporate debtor when it was charged under the …

India Corporate Court Money Laundering Resolution Assets Delhi High Court
A self-harming stance on digital trade tariffs
7 months, 2 weeks ago

A self-harming stance on digital trade tariffs

Hindustan Times  

India was at loggerheads with the developed nations and China at the World Trade Organization’s 13th Ministerial Conference in Abu Dhabi earlier this year. India’s resistance to extending the moratorium on tariffs for digital trade was one point of divergence. At MC-13, India’s posture was at odds with digital trade stalwarts like the US and the European Union member states. …

India China Trade Services Indian Digital Revenue
NCLT Kolkata: NCLT Has No Jurisdiction To Set Aside Arbitral Award Passed During Moratorium Period U/S 14 Of IBC
7 months, 2 weeks ago

NCLT Kolkata: NCLT Has No Jurisdiction To Set Aside Arbitral Award Passed During Moratorium Period U/S 14 Of IBC

Live Law  

The National Company Law Tribunal Kolkata, comprising Smt. Bidisha Banerjee and Shri D. Arvind held that the Adjudicating Authority lacks jurisdiction to set aside an arbitral award even when the award was issued post-initiation of Corporate Insolvency Resolution Process and during moratorium period under Section 14 of the Insolvency and Bankruptcy Code, 2016. Subodh Kumar Agarwal, the Resolution Professional of …

Kolkata Jurisdiction Tribunal Nclt Set Award Moratorium
Lara Trump says the Republican National Committee can “physically handle” ballots
7 months, 4 weeks ago

Lara Trump says the Republican National Committee can “physically handle” ballots

Salon  

Lara Trump says the Republican National Committee has “people who can physically handle the ballots” in polling places, prompting concerns on election integrity with her comments made in a recent Newsmax appearance. The RNC co-chair and Donald Trump’s daughter-in-law described to Newsmax host Eric Bolling an RNC maneuver to deploy 100,000 volunteers and attorneys to polling places, adding that the …

Trump Election Rnc Lara Trump
BWSSB imposes three-month moratorium on new borewells in areas served by Cauvery
8 months, 4 weeks ago

BWSSB imposes three-month moratorium on new borewells in areas served by Cauvery

The Hindu  

The Bangalore Water Supply and Sewerage Board has imposed a moratorium on drilling new borewells in areas served by the Cauvery water till May-end. According to the circular, it was decided to not even take applications for new borewells in areas served by the Cauvery water till May and only exempted government buildings from this moratorium. “Despite a ban on …

Water City Areas Cauvery Bwssb Borewells New Borewells