ATO Garnishee Notices in Voluntary Administration – JD Supra
ATO Garnishee Notices in Voluntary Administration JD Supra Read the original article here
NCLT Admits Sowcar Electricals Insolvency Plea Over ₹1.44 Cr
Home/Corporate Laws/NCLT admits Insolvency plea over ₹5.94 Cr Debt, Finds ₹1.44 Cr Default above Statutory Threshold [Read Order] Corporate LawsLaw Report NCLT admitted CIRP after finding genuine debt, ₹1.44 crore default, complete petition, and no ineligibility. Headnote⁂ NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH Citation 2026 TAXSCAN (NCLT) 295 Case No. CP(IB)/111(CHE)/2024 Court National Company Law…
REVEALED: Liquidator appointments for businesses in the Unincorporated ACT council area for September 29 – The Daily Telegraph
REVEALED: Liquidator appointments for businesses in the Unincorporated ACT council area for September 29 The Daily Telegraph Read the original article here
Absence Of Forfeiture Provision In IBBI Liquidation Regulations Not Decisive Where E-Auction Terms Provide For It: Supreme Court Upholds Forfeiture Of EMD
The Supreme Court has held that the absence of an express forfeiture provision in the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 is not decisive where the e-auction notice specifically permits forfeiture upon failure to pay the balance sale consideration. The Court accordingly upheld the forfeiture of ₹6.39 crore, comprising the Earnest…
TV Vision holds 19th AGM under insolvency process – scanx.trade
TV Vision holds 19th AGM under insolvency process scanx.trade Read the original article here
Distressed assets need a market | Expert Views
The RBI Directions, 2025, had allowed an ARC to act as an RA for IBC resolutions if it had a minimum NOF of ₹1,000 crore and did not retain significant influence or control over the corporate debtor beyond five years. Separately, the minimum NOF requirement for an ARC was ₹300 crore. With only five…
Over 600 jobs lost as UK recycling firm in £85m liquidation
The Insolvency Service, a government agency, has released a statement on Unimetals after the business went into liquidation last year with repercussions still being felt today. A spokesperson for the Insolvency Service said: “Unimetals Recycling (UK) Ltd was wound up in the High Court on 25 November 2025, with the Official Receiver appointed liquidator. “All…
Company behind South Canterbury construction and concrete business traded while insolvent – thepress.co.nz
Company behind South Canterbury construction and concrete business traded while insolvent thepress.co.nz Read the original article here
Lawrence Dallaglio to sell Rugby World Cup winner’s medal · The 42
Lawrence Dallaglio to sell Rugby World Cup winner’s medal · The 42 … Read the original article here
Over 600 jobs lost as UK recycling firm in £85m liquidation
The Insolvency Service, a government agency, has released a statement on Unimetals after the business went into liquidation last year with repercussions still being felt today. A spokesperson for the Insolvency Service said: “Unimetals Recycling (UK) Ltd was wound up in the High Court on 25 November 2025, with the Official Receiver appointed liquidator. “All…