Arbitral Award Gives Fresh Cause of Action for CIRP: NCLT Rejects Limitation Plea, Admits ₹70.7 Cr Default [Read Order]

Liquidation

The National Company Law Tribunal (NCLT), Mumbai Bench has admitted the CIRP application made by Abhyudaya Co-Operative Bank Ltd against A. Navinchandra Steels Private Limited and rejected the Corporate Debtor’s contention that the filing of the corporate insolvency case was time-barred. The Bench comprising Nilesh Sharma (Judicial Member) and Sameer Kakar, (Technical Member) observed that…

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Liquidation

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Liquidation

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Hospitality directors urged to act before collapse

Bankruptcy

Antony Batty & Company Ltd, based in Bournemouth, issued the warning amid growing pressure on the industry, which has struggled with a wave of recent closures, financial losses, and rising costs across the UK. Elaine Wilkins, director at Antony Batty & Company, said: “When surveyed earlier this year, 16 per cent of hospitality businesses –…