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The National Company Law Tribunal, Kochi Bench, has approved Associated Alcohols & Breweries‘ resolution plan for SDF Industries Limited, clearing the way for the company to take over the Kerala-based liquor manufacturer. In an exchange filing, the company said the approval was granted through an order dated April 16, 2026, in the corporate insolvency resolution…
The National Company LawAppellate Tribunal (NCLAT) New Delhi Bench has upheld the admission of insolvency application under Section 7 of Insolvency and Bankruptcy Code 2016 filed by Canara Bank holding that the mere pendency of an arbitral award in favour of the Corporate Debtor (CD) cannot be a ground to suspend the CorporateInsolvency Resolution Process…
In a recent ruling the Supreme Court of India has dismissed an appeal filed by suspended director of Ambro Asia Private Limited, ruling that the appeal was “wholly incompetent” and incapable of being cured by amendment. The matter started from insolvency proceedings initiated by Unox S.P.A., an operational creditor, under Section 9 of the Insolvency…
It had been negatively impacted by rising costs for materials and labour Beechdale Fencing Limited had been based on Cattle Market Road in The Meadows, Nottingham(Image: Joseph Raynor/Reach PLC) A Nottingham firm has entered liquidation and made its employees redundant after being hampered by rising costs. Beechdale Fencing Limited, which had been based on Cattle…
Future Lifestyle Fashions Conducts 34th Committee of Creditors Meeting Under CIRP scanx.trade Read the original article here
In today’s Finshots, we oversimplify the new amendments to the Insolvency and Bankruptcy Code (IBC). But just a heads up before we dive in. This is one of those stories that’s going to be a long read. Also, this weekend, we’re hosting a free 2-day Insurance Masterclass that helps you build real financial security by understanding health…
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The automotive crisis has reached a critical turning point in Germany’s supply chain. Erich Jaeger GmbH, a Friedberg-based connector manufacturer with nearly a century of history, filed for insolvency on April 14, 2026. The company, which once dominated the global market for electrical connectors used in vehicles and commercial trucks, now faces liquidation. With approximately…
12 freight carriers go bankrupt in March Equipment Finance News Read the original article here