NCLAT rejects NCLT order, directs fresh hearing in Culver Max insolvency petition against fintech firm

India’s appellate tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside a National Company Law Tribunal (NCLT) order that rejected Culver Max Entertainment’s insolvency petition against an Odisha-based fintech firm, offering relief to the broadcaster, which was formerly known as Sony Pictures Network India. NCLAT passed the case back to the Cuttack bench…

Lawrence Dallaglio faces financial ruin: Bankrupt England rugby legend hit with £500,000 bill amid divorce battle and having to sell off his home

By CIARAN FOREMAN, SPORTS REPORTER Published: 21:14 AEDT, 28 December 2025 | Updated: 21:24 AEDT, 28 December 2025 England rugby legend is Lawrence Dallaglio is facing financial ruin after being hit with a fresh £500,000 bill. The World Cup winner, 53, was declared bankrupt earlier this year after he and his wife of almost 20…

Access Denied

Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-quashes-nclt-order-rejecting-culver-max-plea-directs-fresh-hearing-125122800272_1.html” on this server. Reference #18.529c3e17.1766914405.14758061 https://errors.edgesuite.net/18.529c3e17.1766914405.14758061 Read the original article here

[Section 138 NI Act] Dishonour Due to ‘Account Blocked’ After Liquidation Does Not Constitute Offence: Delhi High Court

The Delhi High Court has quashed criminal proceedings initiated under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) against the former directors of a private limited company. The Court held that dishonour of cheques with the remark “ACCOUNT BLOCKED” due to ongoing insolvency and liquidation proceedings does not constitute an offence under Section…

NCLAT Rulings of 2025 (Part 2 )

Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT Anita Goyal vs Vistra ITCL (India) Ltd. & Anr CITATION : 2025 TAXSCAN (NCLAT) 141 The National Company Law Appellate Tribunal ( NCLAT ) bench in New Delhi has ruled that, even in cases where…