The procedure under the IBC takes shape when a company/borrower fails to clear its debt. In this case, the creditor approaches the National Company Law Tribunal (NCLT) to initiate the ‘insolvency proceedings.’ In simple terms, Insolvency refers to the state of being unable to pay one’s debt. At first, a ‘demand notice’ under section 8…
Essel Group Chairman Subhash Chandra on Wednesday (September 2, 2026) opposed the formation of a five-member bench by the National Company Law Tribunal (NCLT) to decide his personal insolvency case, contending that the tribunal does not have the power to constitute such a bench. Also read | NCLT five-member Bench stays approval of Subhash Chandra’s…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Reflex Fleet Solutions provides flexible rental services for commercial vehicles across the UK. The business previously operated as Reflex Vehicle Hire, with its history dating back to 2011. Reflex Fleet Solutions Limited acquired the company in October 2025 in a £16.5 million buy-out, Fleet News reported. The deal came just weeks after two notices were filed…
Reflex Fleet Solutions provides flexible rental services for commercial vehicles across the UK. The business previously operated as Reflex Vehicle Hire, with its history dating back to 2011. Reflex Fleet Solutions Limited acquired the company in October 2025 in a £16.5 million buy-out, Fleet News reported. The deal came just weeks after two notices were filed…
Reflex Fleet Solutions provides flexible rental services for commercial vehicles across the UK. The business previously operated as Reflex Vehicle Hire, with its history dating back to 2011. Reflex Fleet Solutions Limited acquired the company in October 2025 in a £16.5 million buy-out, Fleet News reported. The deal came just weeks after two notices were filed…
Toronto accountant accused of Ponzi scheme declares bankruptcy thestar.com Read the original article here
Reflex Fleet Solutions provides flexible rental services for commercial vehicles across the UK. The business previously operated as Reflex Vehicle Hire, with its history dating back to 2011. Reflex Fleet Solutions Limited acquired the company in October 2025 in a £16.5 million buy-out, Fleet News reported. The deal came just weeks after two notices were filed…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
DON’T MISS | ‘NCLT order rightly stayed’: Subhash Chandra personal guarantee issue back to the drawing board Solicitor General Tushar Mehta, appearing on behalf of the lenders, said the NCLAT proceedings can’t be used to make statements for publication in the media. The tribunal said that Subhash Chandra could raise his grouse before the National Company…