NCLT directs Entertainment City to register minority stake in favour of Parmesh Construction – ET Realty
NCLT directs Entertainment City to register minority stake in favour of Parmesh Construction ET Realty Read the original article here
NCLAT Chairperson Justice Ashok Bhushan Retires July 4
Justice Ashok Bhushan has concluded his tenure as the Chairperson of the National Company Law Appellate Tribunal. His leadership influenced major corporate law and insolvency rulings, including key decisions on digital market competition and the Insolvency and Bankruptcy Code. What Happened Justice Ashok Bhushan stepped down as the Chairperson of the National Company Law Appellate…
Why marriages go bankrupt when social capital dries up
We were recently discussing how chapatis were a rare phenomenon. Today, chapatis are made by the roadside and you can grab one for as low as Sh20. Back in the day, most homes savoured chapatis on Christmas day or when they were hosting visitors. Premium Article Get Full Access for Ksh299/Week. Fact-first reporting that puts you…
Routine Campaign Optimisation Discussions Not a Genuine Pre-Existing Dispute; NCLT Admits Insolvency Plea [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted a Section 9 insolvency application filed by One 97 Communication Limited holding that routine discussions regarding campaign performance and optimisation do not constitute a genuine pre-existing dispute capable of defeating an insolvency petition under the Insolvency andBankruptcy Code, 2016 (IBC). One 97 Communication…
REVEALED: Latest business liquidations in Cardinia – Herald Sun
REVEALED: Latest business liquidations in Cardinia Herald Sun Read the original article here
Telangana HC restores sale of film producer’s property by bank under SARFAESI Act
HYDERABAD: The Telangana High Court has allowed a writ petition filed by Union Bank of India, restoring the bank’s action under the SARFAESI Act, 2002, in the auction sale of a Jubilee Hills property belonging to Telugu film producer Bandla Ganesh and his father, who had stood as personal guarantors for the corporate borrower, Sri…
IRD moves to liquidate Site Weld engineering firm
Fifty jobs on the line in a Dunedin courtroom On Thursday, the High Court was due to hear IRD’s application to liquidate SW (Pre 2023) Ltd, formerly Site Weld NZ Ltd, a Dunedin engineering firm employing more than 50 people across Dunedin, Central Otago and the West Coast. The company has traded since September 2012.…
NCLT Reserves Order on Sapphire Land Liquidation Amid IBC Procedure Debate
The National Company Law Tribunal (NCLT) has reserved its order on a petition seeking liquidation of Sapphire Land Development, triggering debate in insolvency circles over whether a company can be liquidated without completing a mandatory procedural requirement under the Insolvency and Bankruptcy Code (IBC). The case has spotlighted a critical gap in the Corporate Insolvency…
Spectra Industries CoC to meet on July 3 to approve costs – scanx.trade
Spectra Industries CoC to meet on July 3 to approve costs scanx.trade Read the original article here
NCLT To Admit Cases Only If Debt, Default Is Established
New Delhi: The National Company Law Tribunal (NCLT) will admit a case only if the twin major requirements of ‘debt’ and ‘default’ are established under the Insolvency and Bankruptcy (Amendment) Act 2026, legal experts said on Friday. The new features of the amended act, along with the competition law, were discussed at a media roundtable…