Attorneys for the founders of Uncle Nearest have again asked a federal judge to terminate the court-ordered receivership overseeing the whiskey company, arguing that the business is solvent, capable of paying its debts, and is losing value under the receiver’s control. The request was filed in the U.S. District Court for the Eastern District of…
Conal Hall: Jailed crime boss £250k in debt to Dublin drug gang now bankrupt too Belfast Telegraph Read the original article here
Swindon & Wiltshire Economy Thursday February 5 2026 Insolvency-related activity in Wiltshire and Berkshire decreased by 6.2 per cent last year, according to the UK’s restructuring, turnaround and insolvency trade body R3. R3’s analysis of data provided by Creditsafe indicated a fall in insolvency-related activities from 2,519 in 2024 to 2,363 in 2025. The figures…
New Delhi: The National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, upon holding that the insolvency proceedings were vitiated by fraud, collusion, and malicious intent. The Tribunal passed the order (on February 3) after the Enforcement Directorate (ED), which is probing money laundering…
The ED case against Alchemist Limited from multiple FIRs filed by the Uttar Pradesh Police and Kolkata Police. During the money laundering investigation, it was found that Alchemist Holding and Alchemist Township had collected over Rs 1,840 crore from the public on the pretext of providing plots, villas, and higher returns. Read the original article…
Landmark decision on forced contractual assignment and ipso facto clauses: Hudson’s Bay Company ULC et al. In a case that captured the public’s attention throughout 2025, eight objecting landlords successfully opposed HBC’s proposed sale of 25 of its most consequential leases to Ruby Liu Commercial Investment Corp (Central Walk)1. This dispute tested the boundaries…
The National Company Law Tribunal (NCLT) has recalled the Corporate Insolvency Resolution Process (CIRP) initiated in the matter of Alchemist Limited, holding that it was vitiated by fraud, collusion, and malicious intent as found allegedly by the Enforcement Directorate. The NCLT, exercising its powers under Section 65 of the Insolvency and Bankruptcy Code (IBC), has…
Red Flag Alert reveals 5k Bristol businesses are experiencing ‘significant’ distress BristolWorld Read the original article here
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Service of Petitions on Companies House Default Addresses: Key Rulings and Practical Implications Lexology Read the original article here