NCLAT Limits Insolvency Proceedings to Gurgaon Project ‘Aspirations’

The National Company Law Appellate Tribunal (NCLAT) has provided significant relief to real estate firm Vatika by restricting the insolvency proceedings to its Gurgaon-based project, ‘Aspirations’. This modification of an earlier National Company Law Tribunal (NCLT) order ensures that the Corporate Insolvency Resolution Process (CIRP) does not affect Vatika’s other projects, a decision undertaken…

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Cotton On Asia enters voluntary liquidation

SINGAPORE: Cotton On Asia, the regional arm of Australian fashion retail giant Cotton On Group, has been placed under members’ voluntary liquidation, according to a notice published in the Government Gazette on Monday (Mar 30). This followed an extraordinary general meeting via a video teleconference call on Mar 25. In a separate notice, creditors of…