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Simpl: National Company Law Tribunal dismisses fintech firm Simpl co-founder's plea

The NCLT has dismissed an application filed by Simpl s co-founder, Nityanand Sharma, seeking the dismissal of an Oppression and Mismanagement petition filed by another co-founder, Chaitra Gowdar Chidanand. Chidanand had sought the tribunal s intervention to declare a resolution passed by the company as null and void, alleging that her shareholding had been deliberately diluted. ....

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NCLT dismisses Simpl co-founder's plea

Chidanand s petition raises contractual disputes, not oppression or mismanagement ....

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Pre-packaged insolvency fails to take off as bankers wary of voluntary haircuts

The pre-pack model of insolvency resolution for smaller firms has failed to gain traction due to concerns of impropriety by bankers. Only four companies have used the scheme since its introduction in April 2021. ....

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Seven-judge bench to reconsider April arbitration verdict of Supreme Court

The Supreme Court on Tuesday preferred a seven-judge bench to review its ruling in April that held an arbitration clause is not enforceable in law if the agreement is unstamped or insufficiently stamped. | Latest News India ....

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IBBI's game changing reforms: Bridging gaps & boosting efficiency in corporate insolvency

IBBI's game changing reforms: Bridging gaps & boosting efficiency in corporate insolvency
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