NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]

In a recent ruling The National Company Law Tribunal (NCLT), New Delhi, has refused to admit an insolvency petition filed against the operator of Legends League Cricket and held that the alleged dues of ₹1.24 crore under the Player Agreement could not be treated as operational debt, pointing to inconsistencies in the contract and ambiguities…

Property service firm plunges into liquidation

A property services firm based in Oxfordshire has gone into creditors’ voluntary liquidation. MP Property Service (Oxon) Ltd was incorporated on April 14, 2022, and originally registered under the name Magic Pete Property Service Limited before changing to its current name in February 2023. Early Companies House filings list its registered office at a Witney…

7th CoC Meeting Set for March 9

AuthorAditi Singh|Published at:7th March 2026, 3:09 pm Overview Reliance Home Finance Limited (RHFL) has scheduled its seventh Committee of Creditors (CoC) meeting for March 9, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP), which commenced in September 2025. This meeting is a critical procedural step where creditors will convene, likely via video…

NCLT Initiates Voluntary CIRP Against Alcob India Private Limited, Upon ₹65.44 Crore Default Established [Read Order]

The Mumbai Bench of National Company Law Tribunal (NCLT) has allowed the petitions filed under Section 10 of the Insolvency and Bankruptcy Code, 2016 which initiated the Corporate Insolvency Resolution Process (CIRP) after recording a total default of ₹65.44 crore. While allowing the application filed by Alcob India Private Limited, the Bench of Prabhat Kumar…