Impact of the MCA Exemption on IBC Moratorium for Cape Town Convention related to Aircrafts and other assets: Resolving the Go First Insolvency Crisis
The intersection of domestic insolvency laws and international aviation treaties recently took center stage during the corporate insolvency resolution process of Go Airlines (India) Limited. When the airline filed for voluntary insolvency, the National Company Law Tribunal admitted the plea on May 10, 2023, triggering a strict moratorium under Section 14 of the Insolvency and […]
CCPA Penalizes Britannia for Misleading “100% Whole Wheat Bread” Claims
In a significant move to protect consumer rights, the Central Consumer Protection Authority (CCPA) recently passed an order against Britannia Industries Ltd. for deceptive marketing practices. The regulatory body investigated the company’s prominent advertising claims surrounding its “100% Whole Wheat Bread”. The Core Violation The CCPA took suo-moto cognizance of Britannia’s marketing campaigns across various […]