Search for: "Creditors Recovery Corporation"
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20 Apr 2012, 9:44 am
Though right to property is not a fundamental right, the Supreme Court has highlighted the significance of right to property as it is a Constitutional Right and the relevant observation of the Supreme Court in Karnataka State Financial Corporation Vs. [read post]
4 Apr 2012, 1:16 pm
Here are key quotes from the case: The Trustee asks us to knock out the pari delicto defense altogether, so that the culpability of a corporate manager never would bar recovery against a negligent auditor. [read post]
28 Mar 2012, 6:44 am
Vincent Paul, (2011) 4 SCC 171 the Supreme Court found that there were no rules or guidelines framed by the Kerala Financial Corporation for sale of properties. [read post]
16 Mar 2012, 9:01 am
This bill would, however, only apply to corporate claims and individual policyholder information would not be available. [read post]
8 Mar 2012, 1:08 pm
A mediator then convenes a meeting between the farmer and all creditors to review the recovery plan and attempt to negotiate an arrangement with creditors. [read post]
25 Feb 2012, 6:31 am
It may be against the principles of equity if the creditors are not allowed to recover their dues from the company, but such creditors may approach the Board for permission to proceed against the company for the recovery of their dues/outstandings/overdues or arrears by whatever name it is called. [read post]
21 Feb 2012, 2:47 pm
The recent chapter 11 bankruptcy filings by AMR Corporation (American Airlines) and Global Aviation Holdings Inc. [read post]
21 Feb 2012, 3:00 am
The claims in such a plenary action usually allege injury to the corporation and thus, under New York's Business Corporation Law (BCL), must be brought as derivative claims seeking recovery on the corporation's behalf. [read post]
12 Feb 2012, 2:37 pm
Section 322 of the Delaware General Corporation Law (“DGCL”) provides that if a corporation fails to obey an order of the Court there is sufficient grounds for appointment of a receiver. [read post]
3 Feb 2012, 2:56 am
At a time when the Country’s economy continues to strive for recovery directors of Limited Companies in all sectors are increasingly finding themselves asking this question as they continue to look for light at the end of the tunnel while coming under Creditor Pressure. [read post]
11 Jan 2012, 11:21 am
On 1 December 2011, the Victorian Government commenced the Farm Debt Mediation Scheme which makes it compulsory for creditors to offer mediation to farmers before commencing debt recovery proceedings on farm mortgages. [read post]
3 Jan 2012, 6:19 pm
Corporations formed outside of California may nevertheless be subject to California corporate law. [read post]
3 Jan 2012, 6:15 am
The Hospital continued to carry the accounts receivable on its own books, as a corporate asset; it told other creditors that Daiwa had a security interest in the receivables, which is of course the sort of structure that makes the payments amenable to a preference-recovery action whether or not the receivables are remitted to a lockbox at a bank. [read post]
19 Dec 2011, 6:25 am
The Trustee’s responsibilities include the recovery of Madoff’s assets from any available sources. [read post]
19 Dec 2011, 12:25 am
The claims against the officials’ wives were based on claims that the spouses had arranged to transfer ownership of residential properties in order to evade creditors. [read post]
15 Dec 2011, 8:17 am
by John J. [read post]
3 Dec 2011, 9:56 am
Lauderdale Division.Bankruptcy -- Confirmation -- Chapter 13 plan -- Good faith -- Chapter 13 debtors failed to carry their burden to establish confirmation of good faith plan where debtors purchased and financed vehicles shortly before their bankruptcy filings in contemplation of those filings, and then proposed chapter 13 plan which would repay the 910-day car claim at less than contractual interest rates such that plans were not proposed in good faith -- Confirmation denied without prejudice to… [read post]
23 Nov 2011, 12:58 pm
Financial Freedom Law focuses on Chapter 7 and Chapter 13 debt relief and invites anyone who is spending too much time dealing with creditors, and not enough time dealing with the next steps to financial recovery, to call or email to discuss your individual circumstances. [read post]
13 Nov 2011, 6:31 am
Rather, they involved insolvent corporations paying off equity holders at the expense of creditors. [read post]
24 Oct 2011, 6:08 pm
The decision also shaved the maximum possible recovery in the Katz and Wilpon clawback suit from $1 billion to under $400 million. [read post]
