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Punj Lloyd Limited is an Indian Engineering, procurement and construction (EPC) company providing services for energy, infrastructure and defense sectors. The company's operations are spread across the Middle East and Africa, [ 2 ] [ 3 ] Asia Pacific, South Asia and Europe.
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
The absence of effective cross-border insolvency regimes was thought to have resulted in inadequate and uncoordinated approaches to cross-border insolvency which were both unpredictable and time-consuming in their application, lacking both transparency and the tools necessary to address the disparities between different national laws.
The application should be filed with the court prior to the application; the applicant may not simply turn up with it on date of application. It must be on the roll. A copy of the application must be given to the “consulting party” where the debtor is a business owner. The consulting party will usually be a trade union.
Some states require a bill of sale when you transfer a car title. ... The state will issue the new ownership form to the beneficiary, who can then sign the title when selling it to a new owner ...
On application by the trustee, the court may declare a transfer void where: the transfer was at undervalue; it occurred within one year of the initial event; the debtor was insolvent at the time of transfer, or rendered insolvent by the transfer; the debtor intended to defraud, defeat or delay creditors (and such intent must be proved)
Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining ...
Insolvency practice was historically dominated by white men, [1] and section 158(2) of the Insolvency Act explicitly licensed the Minister to consider affirmative action in making the policy. The impugned clauses of the policy were related to these affirmative action considerations.