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NCLT has jurisdiction to adjudicate disputes solely relating to insolvency of corporate debtor: Supreme Court

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NCLT has jurisdiction to adjudicate disputes solely relating to insolvency of corporate debtor: Supreme Court

The Supreme Court on Monday held that the NCLT has jurisdiction to adjudicate disputes, which arises solely or relates to the insolvency of a corporate debtor. The top court, however, cautioned the National Company Law Tribunal (NCLT) and its appellate tribunal (NCLAT) to ensure that they do not usurp the legitimate jurisdiction of other courts, … Read more

State investors help plug Saudi Arabia’s yawning deficit

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State investors help plug Saudi Arabia’s yawning deficit

Saudi Arabia is increasingly relying on state-owned investors to finance itself amid the coronavirus pandemic, a strategy that raises questions about how exposed ordinary Saudis could be to a sovereign shock. The government-backed institutions – namely the pension fund and insurance agency – have seen their domestic debt holdings nearly double in the first six … Read more