A company incorporated under the Companies Act, 2013 being an artificial person, is not entitled to sue a natural person or to sue another company incorporated under the Companies Act, 2013. CommentClick here to view / answer Share it on
Whether a Nominee Director can be prosecuted in case of dishonourment of cheques merely because he is a director, where cheques issued by the company before the resignation of nominee Director and dishonourment takes place after such resignation?Click here to view / answer Share it on
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against McDowell Holdings Ltd and appointed an interim resolution professional. The Bengaluru Bench of NCLT admitted the plea filed by Sun Star Hotels and Estate Pvt Ltd, a financial creditor of the erstwhile Vijay Mallya-promoted company, claiming default of Rs 16.80 crore. he insolvency tribunal has also appointed KR Raju as the interim resolution professional of the company in its order passed on April 8, 2022.
Can anyone do share the more details about the case.?
I company Y Ltd holds one sixth of the total debentures issued by the company X Ltd, can Z Ltd provide loan to Y Ltd on debentures to be kept as security. IS debenture a security for a company in case company Y Ltd default payments, what are the key points to be looked into.
Kindly advise on the above transaction, Thanks in Advance
Good Morning Members!
Please suggest how can workmen or employees prove their claims against the corporate debtor under IBC, 2016.
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