TVS Supply Chain Solutions: TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLAT, ETLegalWorld

New Delhi, TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India and withdrawn its appeal in NCLAT against an order that rejected insolvency proceedings against the telecom gear manufacturer. Earlier this week, TVS Supply Chain counsel informed the National Company Law Appellate Tribunal (NCLAT) about the settlement and requested withdrawal of…

Key amendments to the Insolvency and Bankruptcy Code

Cl. 2 → S. 3 Section 3 (Definitions) Inserts definition of ‘registered valuer’ [cl.27A]; clarifies ‘security interest’ exists only by act of two or more parties, not by operation of law [cl.31 Explanation]; inserts definition of ‘service provider’ [cl.31A]. Cl. 3 → S. 5 Section 5 (Definitions – CIRP) Inserts ‘avoidance transaction’ [cl.2A]; inserts ‘fraudulent…

Montreal denim company Jeaniologie placed into receivership

Jeaniologie Inc., a Montreal apparel company, was placed into receivership on April 9, 2026 on application by Royal Bank of Canada, who said years of refinancing extensions and forbearance measures failed to stabilize the borrower’s finances, leaving it owed approximately $6.6 million. Founded in 2002, Jeaniologie is a Montreal-based designer, manufacturer and importer of denim…

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