The National Company Law Appellate Tribunal, Chennai Bench, comprising of Justice M. Venugopal, Justice Sharad Kumar Sharma and Jatindranath Swain, has stayed the insolvency proceedings initiated against Deccan Charters Pvt. On 04.05.2022, the Financial Creditor filed an application under Section 7 of IBC seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor, over a default of Rs. On …
I worked in an organization for three years but was transferred to a new unit after the company split and I worked here for four years and six months. —Sudha As per the provisions of the Income-tax Act, 1961, accumulated balance due and becoming payable to an employee participating in a recognised provident fund shall be excluded from the computation …
Enforcement Directorate has issued a show cause notice to Transcorp International Limited, its director Ashok Kumar Agarwal and managing director Gopal Krishan Sharma for contravention of provisions of Foreign Exchange Management Act to the tune of Rs 7,272 crore. “It was also an authorised person and Indian agent under the Money Transfer Service Scheme License by RBI and was a …
Booking.com on Thursday that it will be slashing nearly three thousand jobs globally as it plans to outsource nearly all of its customer service operations. “This will enable Booking.com to focus more heavily on strategic areas of competitive advantage, while continuing to deliver world class customer and partner support.” Customer service employees told NL Times they found out in a …