Delay in Delivering Reserved Orders Violates IBC’s Mandate for Speedy Resolution: Bombay HC Directs NCLT to Dispose JM Financial’s ₹167 Cr Insolvency Plea [Read Order]

In a recent ruling, the Bombay High Court has pulled up the National Company Law Tribunal (NCLT), Mumbai, for prolonged inaction on a seven‑year‑old ₹167 Cr insolvency petition filed by JM Financial Asset Reconstruction Company Ltd., observing that delays in pronouncing reserved orders defeat the Insolvency and Bankruptcy Code’s mandate of time‑bound resolution. The petition, originally filed in 2019…

Kitchen company with depot in Basingstoke enters liquidation

Kaboodle Ltd has cited “cash constraints” as the main reason behind the brand’s collapse. Founded in 2005, the company had been operating from sites across Stevenage, Highbridge, Basingstoke, Telford and Leeds. It opened its Basingstoke depot in October last year, creating 11 jobs in the area. Kaboodle specialised in home appliances and white goods supplies,…