NCLT Mumbai on third-party claim over goods in CIRP

Disclaimer: This has been reported after the availability of the order of the Court and not on media reports so as to give an accurate report to our readers. National Company Law Tribunal (NCLT), Mumbai Bench-II: In applications filed by Ancile Investment Company under Section 60(5), Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule…

Richard Hammond business in liquidation

The 56-year-old rose to fame for his work with Oxfordshire farmer Jeremy Clarkson and James May on Top Gear and the Grand Tour. In 2008, he founded Hamster’s Wheel Productions with his then wife Mindy Hammond. However, Mr Hammond and his wife announced they were ending their marriage in 2025. According to reports, Mr Hammond…

PAC helps settle GH¢33,100 Pantang Hospital debt as public institutions respond to audit infractions

The Public Accounts Committee (PAC) has fulfilled its Corporate Social Responsibility (CSR) commitment by helping with the settlement of GH¢33,100 in outstanding debts owed to Pantang Hospital. The amount comprises GH¢17,000 owed by the Ghana Medical Association (GMA) and GH¢16,100 owed by the Akuapem South Municipal Assembly for the treatment of persons with mental health…

Proposed ARC Debt Assignment Doesn’t Bar Insolvency Proceedings Against Personal Guarantor: NCLT Delhi

The Principal Bench of the National Company Law Tribunal (NCLT) at Delhi on 12 October held that a financial creditor’s proposal to assign its debt to an Asset Reconstruction Company (ARC) does not prevent it from initiating insolvency proceedings against a personal guarantor. A Bench comprising President Justice Anupinder Singh Grewal and Technical Member Ravindra…