Cask Spirits Global Limited Wound Up After Insolvency Service Uncovers £97,000 in Customer Losses and Systemic Deception in Unregulated Market A London-based whisky investment firm, Cask Spirits Global Limited, has been forcibly shut down by the High Court following an investigation by the Insolvency Service that revealed customers paid thousands of pounds for whisky casks…
Essel Group founder Subhash Chandra. File In a setback to Essel Group founder Subhash Chandra, a five-member Bench of the National Company Law Tribunal (NCLT) on Tuesday (September 1, 2026) stayed an August 25 ruling by a single-member Bench that had cleared a repayment plan requiring him to pay ₹6.25 crore towards admitted claims of…
A five-member special NCLT bench constituted to hear the personal insolvency case of Subhash Chandra on Tuesday issued notices to all the parties and directed the Essel Group Chairman not to alienate his properties, either directly or indirectly. Last week, NCLT approved a repayment plan under which creditors are set to recover about ₹6.25 crore…
The National Company Law Tribunal has issued a significant directive to Essel Group chairman Subhash Chandra, barring him from disposing of his properties amidst an ongoing personal insolvency case, following a contentious split verdict on a repayment plan. Photograph: ANI Photo Key Points A special five-member NCLT bench has issued notices to all parties in…
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Subhash Chandra insolvency: NCLT issues notices, bars him from disposing of properties The Times of India Read the original article here
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Liquidator questions fees paid to directors before cannery collapsed Toowoomba Chronicle Read the original article here
A five-member special bench of the National Company Law Tribunal (NCLT) on Tuesday issued notices to all parties in the personal insolvency case of Essel Group chairman Subhash Chandra and directed him not to alienate his properties, directly or indirectly. The bench, headed by NCLT President Justice Anupinder Singh Grewal, said there was no majority…
INDIA – Hindusthan National Glass and Industries Ltd (HNGIL) has initiated insolvency proceedings against B9 Beverages Ltd, the maker of Bira 91 beer, by issuing a demand notice over an alleged payment default of Rs 11.77 crore (US$1.24M). The glass manufacturer issued the notice under Section 8 of the Insolvency and Bankruptcy Code (IBC), before a possible application to the National Company…