June 5, 2026 - Page 4 of 9 - Insolvency Guardian

COVID‑19 Stay and Canara Bank’s Objection on CIRP Delays Not a Bar: NCLT Approves ₹17.25 Crore Resolution Plan with ₹3 Crore Working Capital Infusion [Read Order]

LiquidationBy Editor June 5, 2026

The National Company Law Tribunal (NCLT), Bengaluru Bench, has upheld the ₹17.25 crore resolution plan for Dunlop Polymers Private Limited, ruling that the COVID‑19‑related stay and Canara Bank’s objection over delays in the Corporate Insolvency Resolution Process (CIRP) did not bar its approval. The corporate debtor, Dunlop Polymers Pvt. Ltd., was admitted into the Corporate Insolvency Resolution Process (CIRP) on 25 June 2019 under…

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BankruptcyBy Editor June 5, 2026

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Insolvency and Bankruptcy Code at 10 and the Road Ahead

BankruptcyBy Editor June 5, 2026

These are the concluding lines from the Supreme Court’s January 2019 judgment in Swiss Ribbons v. Union of India upholding the constitutionality of the Insolvency and Bankruptcy Code, 2016 (IBC). In this judgment, the Court noted that India’s ambitious experiment with insolvency law reform in the form of the IBC was turning out to be…

Jon Adgemis’s South Bondi Hotel and Empire Hotel in Annandale have sold

BankruptcyBy Editor June 5, 2026

Two Sydney venues formerly controlled by bankrupt publican Jon Adgemis have sold to ASX-listed Clime Asset Management and Singapore-headquartered Vantage Point Asset Management for about $80 million, after a proposed deal with Millinium Capital’s Tom Wallace fell over last month. South Bondi Hotel – otherwise known as Noah’s Backpackers – in Bondi Beach and Empire…

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BankruptcyBy Editor June 5, 2026

India scraps capital gains tax on foreign investors in government debt to support rupee – Reuters

Debt HelpBy Editor June 5, 2026

India scraps capital gains tax on foreign investors in government debt to support rupee Reuters Read the original article here

UK furniture brand collapses into liquidation with £1.4million debt

LiquidationBy Editor June 5, 2026

The award-winning UK furniture brand that sells high end furniture for thousands has collapsed into liquidation owing £1.4million in debt as a liquidator has been appointed Beloved UK furniture brand collapses into liquidation owing £1.4million after more than a decade Pure White Lines specialises in furniture, lighting and home décor An award-winning UK furniture brand…

JR Dixon family on story behind Workington firm liquidation

LiquidationBy Editor June 5, 2026

J R Dixon Limited, based at Joseph Noble Road, Lillyhall, formally entered a Creditors’ Voluntary Liquidation last month, with documents showing an estimated deficiency of more than £339,000. But Helen Clarke, wife of managing director Phil Clarke, said the figures did not tell the full story of a family business which had spanned almost 54…

Jaiprakash Associates Clarifies Financial Results Filing Window Amidst CIRP

LiquidationBy Editor June 5, 2026

Jaiprakash Associates Ltd (JAL) is utilizing a 120-day period for submitting its financial results for the year ended March 31, 2026. This follows an inquiry from the National Stock Exchange (NSE) on June 01, 2026, regarding the non-submission of these results. What just happened The company management informed the NSE that it is leveraging Regulation…

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LiquidationBy Editor June 5, 2026

Daily Archives: June 5, 2026