"The NCLT Mumbai Bench has on March 23, 2022 pronounced the order sanctioning the scheme with the appointed date of the scheme as April 1, 2021," Raymond said in a regulatory filing on Thursday. The National Company Law Tribunal (NCLT) has approved the scheme of transfer of Raymond Apparel Ltd business to Raymond Ltd. In […]
It is indeed a big decision for any business to search, evaluate and finalize a trusted records storage provider. Because it involves a lot of due diligence, thinking and brainstorming before handing over Records Storage – the single most confidential function to an external services provider. Let us help you with some of the key […]
When it comes to storing and managing your business records cost is definitely one of the deciding factors. But certainly, Cost is not just the single deciding factor. There is so much more than cost and convenience. Let’s take some of the important perspectives that help you get the right records storage vendor. Safety, security, […]
The NCLAT, Principal Bench comprising of Justice Ashok Bhushan, Chairperson, and Dr. Alok Srivastava, Technical Member, in the case of M/s. Brand Realty Services Ltd. v. M/s. Sir John Bakeries India Pvt. Ltd. held that the mere fact that the corporate debtor did not reply to the demand notice by the Operational Creditor u/s 8(1) within 10 days or that […]
The NCLT noted that a personal guarantor means an individual who is a surety to a corporate debtor in a contract of guarantee with that corporate debtor. Through a common judgment delivered on Tuesday, the Jaipur Bench of the National Company Law Tribunal (NCLT) clarified the ambit of Non-Banking Finance Companies (NBFCs) as corporate debtors and the […]
Records Keeping is a mandate every organization needs to abide by. A business has multiple functions and most often the HR, Finance and the Leadership functions own the responsibility of the planning, storing, and maintenance of business records. The human resource management function is a strategic one but not often had been given the importance as […]
The way a business manages its records internally and externally has a huge impact on the productivity of its employees. If handled well, simple tasks like creating documents, sharing and signing them, and collaborating with clients and colleagues can offer benefits both productivity-wise as well as demonstrating financial benefits too. But if Records Management is […]
In the case where a claim by the Revenue authority was not lodged before Resolution Professional after issuance of Public notices under the Insolvency and Bankruptcy Code(IBC) before approval of the Resolution plan, the Supreme Court of India has held that the claim which is not part of the Resolution Plan, does not survive. A […]
Record keeping is the process of maintaining accurate, detailed information about the financial and operational actions of a business. As we may understand the process of creating, storing and maintaining records involve costs for a business, it is imperative that a business budget the costs involved in maintaining business records. Here are few considerations for […]
IBC| Statutory Authority Can't Raise Fresh Claim Against Corporate Debtor After Approval Of Resolution Plan: Bombay High Court The Bombay High Court has ruled that no statutory authority, including the Income Tax authorities, can raise a fresh claim against a Corporate Debtor after the Resolution Plan was finalized and approved. A division bench of Justices Sunil […]
