The Insolvency and Bankruptcy Board of India (IBBI) has imposed a financial penalty on insolvency professional Mr. Pankaj Ramandas Majithia for multiple lapses during his tenure as the Resolution Professional (RP) in the insolvency of Shree Ram Urban Infrastructure Pvt. Ltd. The action stems from his failure to safeguard the corporate debtor’s assets and his…
Once touted as a promising player in India’s waste management sector, with multiple waste-to-energy (WTE) incineration plants, is now battling an insolvency case filed by Rural Electrification Corporation (REC) Ltd, a key public sector lender. Abellon has four ongoing projects in Ahmedabad, Vadodara, Rajkot and Jamnagar, which cumulatively burn about 3,750 tonnes of mixed municipal…
The National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, has dismissed a plea filed by the SREI Multiple Asset Investment Trust (SMAIT), which sought to be impleaded in an ongoing insolvency appeal tied to a hefty ₹1300 crore CorporateInsolvency Resolution Process (CIRP) cost dispute. The Trust, which claimed to have held a…
The recent Supreme Court ruling in JSW Steel Ltd. v. Pratishtha Thakur Haritwal & Ors. has sent shockwaves through India’s corporate and legal landscapes. The Court’s decision to quash demand notices issued against JSW Steel by government authorities marks a pivotal moment in enforcing the finality of insolvency resolution plans under the Insolvency and Bankruptcy…
The National Company Law Appellate Tribunal (NCLAT) has upheld the National Company Law Tribunal’s (NCLT) decision dismissing an insolvency application filed under Section 9 of the Insolvencyand Bankruptcy Code, 2016 (IBC) by Morex Corporation Limited against Jindal Poly Films Ltd. The appellate tribunal found the existence of a genuine pre-existing dispute between the parties regarding…
About judgment debt If you owe money to someone (called a creditor), they can apply to the Magistrates’ Court for an order that the debt must be paid, for debts of up to $100,000. If a judgment has been made against you by a magistrate ordering that you pay a creditor an amount of money…
Popular mattress retailer files Chapter 7 bankruptcy liquidation TheStreet Read the original article here
An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: fa67f03f487e007638ca9300439de1ef, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-08-04T08:44:13.335862888+00:00 Read the original article here
Then, in June this year, the firm announced a further 2624 customers had received $50m in Bitcoin and Dogecoin. It was also preparing to launch distributions to affected customers to qualifying account holders in Cardano, Tether, Tron and Litecoin currencies. Cryptopia, founded by Adam Clark and Rob Dawson, owed IRD more than $19m and a…
Statutory notices Some legislation, such as the National Credit Code, requires creditors to send you specific notices before they can take further action to force you to pay the debt. These notices say how long you have to bring your repayments up to date before further action will be taken. For example, notices about loan…