NCLAT Rulings of 2025 (Part 5)

Petition u/s 9 of IBC cannot be Rejected merely on General Dispute raised based on Single Whatsapp Message: NCLAT Mrs. Leena Salot vs Ridham Synthetics Private Limited CITATION : 2025 TAXSCAN (NCLAT) 257 The National Company Law Appellate Tribunal (NCLAT) has held that a petition under section 9 of the Insolvency Bankruptcy Code (IBC) cannot…

Zone RV director accused of insolvent trading as early as 2023

Administrators for collapsed luxury caravan manufacturer Zone RV are threatening litigation against the company’s director, accusing him of running the business while it was insolvent.  The Sunshine Coast-based company plunged into administration on December 1, owing $42 million to hundreds of creditors, including nearly 200 customers.  A report to creditors released on Thursday night has…

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Claim Central Property in administration as ‘extraordinary pressures’ take toll – Insurance News

An administrator has been appointed at Claim Central Property, which has stopped trading. Claim Central was founded in Sydney in 2000 by Brian Siemsen and also has offices in the US, New Zealand and South Africa. Mr Siemsen told insuranceNEWS.com.au the Australian property business, which manages assessment, restoration and repairs under the brands Claim Central…

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