The National Company Law Appellate Tribunal New Delhi, comprising Mr. Justice Ashok Bhushan and Mr. Barun Mitra held that Section 29A of Insolvency and Bankruptcy Code, 2016 disqualifies not only those in management and control of the Corporate Debtor when its account was declared Non-Performing Asset but also those in management and control of the Corporate Debtor in close proximity …
The officials are facing charges of fraud and breaching public finance regulations linked to a 2015 procurement scandal. South African prosecutors have arrested several former executives at public logistics company Transnet, which is at the centre of a high-profile investigation into corruption during Jacob Zuma’s tenure as president. On Monday, South Africa’s National Prosecuting Authority said Transnet’s former chief executive …
As the year 2021 is coming to an end, LiveLaw brings to you a yearly Round-up of important updates from the Allahabad High Court. The Allahabad High Court last week pulled up the Uttar Pradesh Government as the SDM, Varanasi, acted "arbitrarily and illegally" in detaining two persons for breach of peace. 18.Sexual Offence Against Woman- Any Form Of Compromise/Marriage …