BGR Energy Systems’ Corporate Insolvency Resolution Process (CIRP) is now stayed following a National Company Law Appellate Tribunal (NCLAT) order, suspending the April 17, 2026, National Company Law Tribunal (NCLT) admission. The default amount cited was Rs. 584.67 crore. Reader Takeaway: NCLAT stay averts immediate CIRP; settlement talks hold key to final resolution. What just…
The National Company LawTribunal (NCLT), Kochi Bench, has held that insolvency proceedings can be initiated simultaneously against both borrower and guarantor, while admitting Axis Bank Ltd’s petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against IMOST Academy (India) Private Limited over a ₹5.7 crore loan default. IMOST Academy, a privately owned educational institution in Ernakulam, Kerala, had availed…
Ramsey: Can’t complain about debt after not merging finances moneywise.com Read the original article here
Appliance Delivery And Repair. Movers With Oven (Image: AndreyPopov via Getty Images) A major UK kitchen appliance firm has ceased trading with ‘immediate effect’. Kaboodle Ltd has announced that insolvency specialists at BRI Business Recovery and Insolvency have been appointed to facilitate the company’s entry into creditors’ voluntary liquidation. The business, established in 2005, has…
The major UK white goods installation company has announced it is to cease trading with ‘immediate effect’ and has entered creditors’ voluntary liquidation Robert Rowlands Deputy editor, money and lifestyle, content hub 15:15, 02 May 2026 The company has depots in five locations across the UK(Image: Robin Gentry via Getty Images) A major UK kitchen…