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…

IBC Prevails Over Defunct Corporate Schemes: SC in Omkara

Supremacy Over Defunct Corporate Schemes  Omkara Assets Reconstruction Private Limited v Amit Chaturvedi & Ors | 2026 INSC 189 | Supreme Court of India | 24 February 2026  How the Supreme Court chose economic rehabilitation over procedural politeness, and why delayed corporate schemes cannot hold creditors and the economy hostage  The Central Question  Can a debt-ridden…

High Court liquidation threat looms as ex-staff chase unpaid six-figure awards

First published on By Brianna McIllraith, Open Justice Reporter Property developer Anthony Corin is the owner of Longevity Construction which is facing liquidation. Photo: Open Justice/Supplied A construction company owner teetering on liquidation says there is simply “no money” to pay more than $300,000 to two former employees. Auckland property developer Anthony Corin’s business, Longevity…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Kai Trump tries viral Hailey Bieber smoothie and jokes she’s ‘about to go bankrupt’ during Los Angeles trip

The latest Los Angeles getaway from Kai Trump offered fans a fun glimpse into her growing lifestyle and travel content, as she shared highlights from her trip with friends across social media.  The influencer and golf enthusiast documented her LA adventure in a relaxed, playful vlog-style update, continuing her transition into lifestyle and entertainment content. …