Sara Smith,in Brighton and Craig Buchan,South East Sussex Police Josh and Chloe Bashford were killed in June 2023 at their home in Newhaven A man killed a couple in their own home after an argument over money, a court has heard. Derek Martin, 67, from Brighton, East Sussex, is accused of murdering Josh Bashford, 33,…
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently upheld the initiation of the Corporate Insolvency Resolution Process (CIRP) against a corporate debtor (CD), noting that the CD failed to prove any pre-existing dispute regarding an outstanding ₹8.48 lakh operational debt that was claimed by the operational creditor. The…
Following an investigation by the Insolvency Service, Davis Acquisitions Ltd, based in Manchester, has been shut down after the company became the director of 78 companies and provided unauthorised insolvency services, avoiding formal insolvency procedures and director conduct scrutiny. Davis Acquisitions, owned by director Christopher Davis, 53, was incorporated in March 2023 but acted as…
The Insolvency and Bankruptcy Code, 2016 (IBC) is a comprehensive and unified legislation enacted to consolidate and amend laws relating to insolvency, reorganisation, and bankruptcy in India. It provides a time-bound and transparent framework for resolving insolvency of companies, limited liability partnerships (LLPs), partnerships, and individuals.The Code represents a landmark reform in India’s financial and…
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently clarified that the Employees’ State Insurance (ESI) amount lying with a corporate debtor during liquidation proceedings is not part of the liquidation estate as per the Insolvency and Bankruptcy Code, 2016 (IBC). The ruling was rendered by the appellate tribunal…
Consolidating debts and restructuring payments The initiative’s core objective is to help and rehabilitate debtors with loans scattered across multiple lenders. Once consolidated, their repayment capacity will be reassessed, allowing for restructuring through principal and interest rate reductions. “Once we buy the debts, we can consolidate each borrower’s obligations and assess their true repayment ability.…
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao had breached their duties as directors of Envy group of companies [SINGAPORE] A director of the insolvent Envy group of companies at the heart of the billion-dollar nickel trading scam has been declared bankrupt, following a court ordered her and eight others to…
RattanIndia Power Triumphs as NCLT Dismisses REC Limited’s Insolvency Petition scanx.trade Read the original article here
OSLO, Norway, Oct. 1, 2025 /PRNewswire/ — The board of directors of Aker Carbon Capture ASA (under liquidation) (“ACC” or the “Company”) has received a notice from Andreas Møller, on behalf of A. Møller Invest AS and certain other shareholders representing more than 5% of the Company’s shares and votes (jointly referred to as “Møller”) pursuant to…
The liquidation saga of engineering major Punj Lloyd Limited, once a powerhouse in the EPC sector, continues to be characterized by a prolonged and complex asset sale process. The company’s journey under the Insolvency and Bankruptcy Code (IBC) has seen repeated failures to find a buyer for the entire entity as a ‘going concern,’ contrasting…