The National Company Law Appellate Tribunal has ordered the conclusion of the insolvency proceedings for Future Lifestyle Fashion within three months. While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and National Company Law Tribunal (NCLT) to complete the proceedings, preferably within three months. The appellate insolvency…
The National Company Law Appellate Tribunal has directed the prompt conclusion of insolvency proceedings for Future Lifestyle Fashion, demanding a resolution within three months. This order follows the rejection of an appeal by an operational creditor. A two-member bench, comprising Justice Yogesh Khanna and Ajai Das Mehrotra, emphasized the need for swift action by…
‘Hollyoaks’ star Gemma Merna ‘declared bankrupt due to legal loophole’ IMDb Read the original article here
Mail News Service Jamshedpur, April 6: In a measured yet consequential order, the Principal Bench of the National Company Law Appellate Tribunal (NCLAT) on Monday condoned a marginal delay in the filing of an appeal by the Employees’ Provident Fund Organisation, enabling a renewed judicial examination of the long-pending insolvency proceedings involving city-based Incab Industries…
The Lok Sabha recently passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, effecting a major overhaul of insolvency framework since the Code’s enactment in 2016. | Photo Credit: lakshmiprasad S The out-of-court settlement proposed under Insolvency and Bankruptcy Code will reduce the load on NCLT and help promoters to turn around assets without getting…
Aban Offshore insolvency case moves forward as NCLAT rejects settlement route TipRanks Read the original article here
Reliance Home Finance Limited Intimates 8th Committee of Creditors Meeting Under CIRP scanx.trade Read the original article here
SC does not interfere with order allowing Adani to acquire JAL, asks NCLAT to decide promptly ET Realty Read the original article here
GST Liabilities and penalties cannot be imposed against Corporate Debtor during Moratorium period The National Company Law Tribunal held that GST authorities cannot continue assessment or adjudication proceedings during the IBC moratorium. As a result, the tribunal set aside the order passed against the corporate debtor. The present appeal has been filed by Maligi Madhusudhana…
Mangalia Shipyard Reorganization Rejected, Enters Bankruptcy romaniajournal.ro Read the original article here