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Experts point out how NCLAT's Aircel judgement could disrupt insolvency resolutions under IBC

Experts point out how NCLAT s Aircel judgement could disrupt insolvency resolutions under IBC
The order is likely to be challenged by Aircel s creditors in the Supreme Court.
Synopsis
In the case involving telco Aircel and the Department of Telecommunications, the NCLAT relied on a clause in the spectrum license agreement between the two parties to rule that government dues need to be paid in full prior to any transfer of the license under the IBC.
The National Company Law Appellate Tribunal (NCLAT) judgement in the spectrum usage case has created a class within a class of creditors that could disrupt insolvency resolution under the Insolvency and Bankruptcy Code (IBC), according to experts. ....

National Company Law Appellate Tribunal , Bankruptcy Code , Insolvency Resolution , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , திவால்நிலை குறியீடு , தொலை தொடர்பு , நொடித்துப்போனது தீர்மானம் ,

Mike Nifong Bankrupt

JANUARY 15 Disgraced and disbarred, Mike Nifong is now bankrupt. The former North Carolina prosecutor, whose career imploded with his botched handling of the Duke University rape case, today filed for bankruptcy, listing liabilities in excess of $180 million.
A summary schedule from Nifong s Chapter 7 petition can be found here. Almost all of that sum represents legal claims filed against the former Durham County district attorney by members of Duke s 2006 lacrosse team, including the three players who were accused of raping a stripper at a team party.
Included among Nifong s assets are a 2003 Honda Accord, about $9000 in personal property, and his $235,000 home. He lists nearly $5000 monthly in pension or retirement income and describes himself, charitably, as retired. (2 pages) ....

Durham County , North Carolina , United States , Duke University , Mike Nifong , டர்ஹாம் கவுண்டி , வடக்கு கரோலினா , ஒன்றுபட்டது மாநிலங்களில் , டியூக் பல்கலைக்கழகம் ,

Legitimate land ownership

THE STANDARD
I have wondered over the years whether there are other ways of acquiring legitimate land ownership in the country apart from the common mode of buying from a registered owner. I know that one can also acquire valid title to land through adverse possession, which many trespassers have taken advantage of.
Wycliff, Nairobi
Section Seven of The Land Act, 2012 is the law that outlines several ways which can be used to acquire a legitimate title deed in Kenya.
A valid title deed provides a state-backed guarantee securing ownership. Should a land owner be deprived of ownership over an error or omission in the register or the register needs to be corrected, the Government must compensate the owner. ....

Nairobi Area , Land Act , Title Deed , நைரோபி பரப்பளவு , நில நாடகம் , தலைப்பு பத்திரம் ,

John Oliver Exposes How People In Debt Keep Getting Screwed -- And How To Fix it

John Oliver Exposes How People In Debt Keep Getting Screwed And How To Fix it
The Last Week Tonight host says bankruptcy isn t set up to help those who need it.
John Oliver warned on Sunday’s “Last Week Tonight” that there could be a looming wave of bankruptcy filings once pandemic-related financial aid programs come to an end.
And many of those who file for bankruptcy will find out the hard way that the system wasn’t set up to help them ― not to mention the social stigma that will face those who go through the process ― which inspired him to break out his impression of Julianne Moore in “Magnolia”: ....

Julianne Moore , John Oliver , Corona Virus , Last Week Tonight , ஜூலியானே மூர் , ஜான் ஆலிவர் , கொரோனா வைரஸ் , கடந்த வாரம் இன்று இரவு ,

Larry Sng's fomer millionaire father declared bankrupt

Larry Sng's fomer millionaire father declared bankrupt
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Chee Hua , Chee Kian , Department Of Insolvency , High Court , Datuk Sng Chee Hua , Sng Chee Kian , Parti Bansa Dayak Sarawak , Parti Rakyat Sarawak , Sng Chee Hua , Julau Mp , Larry Sng , சீ ஹுவா , சீ கீயன் , துறை ஆஃப் நொடித்துப்போனது , உயர் நீதிமன்றம் , பார்ட்டி பன்சா பகல் சரவாக் , பார்ட்டி ரேகியேட் சரவாக் , லாரி ஸ்ங் ,