Mumbai: Videocon Industries Limited has informed stock exchanges that it will not be able to publish its unaudited financial results for the quarter ended September 30, 2026, within the prescribed deadline, citing pending financial statements and ongoing insolvency proceedings. In a regulatory filing submitted to the BSE and National Stock Exchange (NSE) on Wednesday, the…
The Supreme Court has ruled that creditors cannot withdraw an approved insolvency plan solely because a company’s finances improve. What Did the Supreme Court Rule? In its October 26 judgment, the Supreme Court clarified that a resolution plan approved by the Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code (IBC) becomes binding on…
Home/Corporate Laws/NCLT Dissolves Corporate Debtor After Liquidation, Directs Recovery of ₹52.84 Lakh in Preferential Payments [Read Order] Corporate LawsLaw Report NCLT orders dissolution after complete liquidation, allowing recovery of ₹52.84 lakh in preferential payments with 10% annual interest. Get the day’s tax rulings in your inbox × Headnote⁂ Oriental Bank of Commerce vs. M/s Vallabh…
Gujarat Toolroom Limited has entered Corporate Insolvency Resolution Process (CIRP) following an order from the National Company Law Tribunal on September 30, 2026. A public announcement regarding the commencement of CIRP was published on October 3, 2026, in leading newspapers, and the interim resolution professional, Mr. Iqbal Singh Gandhi, has been appointed. Creditors are called…
Oct 28, 2026 Enerparc AG entered provisional insolvency proceedings in early September after a financing effort fell through. The case also involves sister firms Pvwerk and Sonnen Tiefbau, which carry out project implementation, while marketing arm Sunnic Lighthouse and Enerparc Service remain outside the proceedings. According to the company and provisional insolvency administrator Stefan Denkhaus,…
Popular Raleigh coffee shop goes bankrupt with $742,000 in unpaid taxes The Business Journals Read the original article here
REVEALED: Liquidator appointments for businesses in the Hume council area for October 28 Herald Sun Read the original article here
Summary: The Ontario Superior Court of Justice allowed Royal Bank of Canada (RBC) to proceed with negligence and oppression claims against several former officers of Chesswood Group Ltd. arising from allegedly inaccurate borrowing base and compliance certificates that caused the bank to over-advance funds and suffer losses of approximately $83 million. The individual defendants sought…
Home/Corporate Laws/NCLT Admits Central Bank of India’s Insolvency Plea Against Personal Guarantor Over ₹188.98 Cr Default [Read Order] Corporate LawsLaw Report NCLT admitted insolvency proceedings after finding the continuing guarantee enforceable and rejecting the guarantor’s discharge and bias objections. Get the day’s tax rulings in your inbox × The case number, coram and counsel for…
Freemantle Projects Ltd, founded in 2020, specialised in electrical installation services and worked with major clients including: Heathrow Airport British Airways Hermes Jet2 American Airlines The company offered a range of electrical solutions, from consultancy and design to installation, testing, and commissioning. The company’s website added: “We take pride in all of the projects and…