NCLAT has stayed insolvency proceedings against Vikram Solar, directing the company to deposit Rs 91.98 lakh operational debt. This follows an NCLT order. New Delhi, Jun 25 (PTI) The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Vikram Solar and directed the company to deposit the entire admitted operational debt of…
IMF monitoring Venezuela after quakeians Neighbours in cities across northern Venezuela spent Thursday digging through rubble in search of loved ones after two powerful earthquakes struck on Wednesday evening, killing around 235 people, injuring at least 4,300 and leaving thousands missing, officials said. The 7.2- and 7.5-magnitude earthquakes were among the strongest to hit Venezuela…
Renthia Kaimbi The Roads Contractor Company (RCC) is facing mounting financial and governance pressures, just days after a stormy meeting where minister of works and transport Veikko Nekundi reportedly described the company as “a mess” and demanded answers from its leadership over a disclaimer audit opinion and widespread payment failures. In a letter dated 20…
The National Company Law Tribunal (NCLT) initiated insolvency proceedings on Paytm’s holding company plea for initiating Corporate Insolvency ResolutionProcess (CIRP) in respect of Fabzen Technologies Private Limited, the Corporate Debtor, for Rs.3.41 Crores outstanding dues The application was filed by One 97 Communications Limited (“Operational Creditor”) under Section 9 of the Insolvency and Bankruptcy Code,…
MALAYSIA’S inaugural Second Chance Policy Carnival has opened with a wide-ranging programme of public services and low-cost asset auctions, including vehicles with opening bids from as little as RM1,300, as part of efforts to promote financial rehabilitation and support individuals declared bankrupt. The three-day carnival, being held until Sunday at the car park near the…
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TGIF 26 June 2026 – Undertaking as to damages key to court refusing DOCA restraint Corrs Chambers Westgarth Read the original article here
LiveLawBiz: Corporate Legal News Daily Round-Up: June 25, 2026 LiveLawBiz Read the original article here