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Oil Shock: India’s Oil Security at Stake | Is an LNG Shock Coming for India? | Commodities with MC Escalating tensions in West Asia have triggered a global oil shock, with crude prices surging past $115 and raising fresh concerns over energy supply. Production cuts by Iraq, Kuwait, and the United Arab Emirates have intensified worries…

NCLAT Issues Crucial IBC Orders: Guarantees, Debt Inflations, Creditor Rights Challenged

AuthorVihaan Mehta|Published at:9th March 2026, 12:15 pm Overview The National Company Law Appellate Tribunal (NCLAT) has issued critical rulings under the Insolvency and Bankruptcy Code (IBC) for early 2026. Key decisions clarify personal guarantee invocation, penalize debt inflation by creditors, and define Committee of Creditors’ powers. Orders also cover dispute jurisdiction, asset exclusion in liquidation,…

NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]

The National Company Law Tribunal, Chandigarh Bench has accepted the voluntary insolvency petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), filed by an Indian Made Foreign Liquor (IMFL) manufacturer on the basis of the financial default of ₹1.80 crore. The Bench comprising Mr. Khetrabasi Biswal (Judicial Member) and Mr. Shishir Agarwal…

England legend Emile Heskey caught up in £15m ‘fraudulent’ deal for top football club in Cyprus – years after he was declared bankrupt

Former England footballer Emile Heskey has been caught up in a multi-million-pound legal battle over a ‘fraudulent’ business deal. The retired striker, who is not accused of any wrongdoing, was the high-profile face of a British businessman’s £15m deal to buy a stake in a professional Cypriot football club. Craig Gabriel had been hailed as…