Daily Archives: November 19, 2025

NCLAT sets aside Insolvency Proceedings against Adity Birla capital, aligning with Supreme Court’s Protection of Homebuyers [Read Order]

The National Company Law Appellate Tribunal (Principal Bench, New Delhi) has set aside the National Company Law Tribunal’s order admitting a Corporate Insolvency Resolution Process (CIRP) against the entirety of Mahagun (India) Pvt. Ltd., directing that the proceedings be reconsidered with a view to confining them only to the defaulting “Mahagun Manorialle” project. The order…

Starbake Patisseries buys Oh So Yum out of liquidation

As reported by the Telegraph & Argus last week, Oh So Yum – which was once run by a winner of The Apprentice TV show – was placed into voluntary liquidation at the end of October. Starbake Patisseries has now confirmed to the T&A it acquired the Oh So Yum trademark on November 1. Over…

Supreme Court to Hear SLP against Orissa HC Ruling [Read Order]

The Supreme Court is to hear a special leave petition filed by the petitioner against the Orissa High Court ruling that upheld the adjustment of a ₹6.00 crore income tax refund against old tax dues. Issuing notice on the Special Leave Petition, the apex court kept alive the company’s plea while noting the High Court’s…

Business insolvencies increase – Credit Connect

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales,  was 2,029 in October 2025, 2% higher than in September 2025 (1,995) and 17% higher than the same month in the previous year (1,739 in October 2024). The business insolvencies consisted of 301 compulsory liquidations, 1,592 creditors’…