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Insolvency appointments August 15 to August 28 2026

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NCLAT Delhi Rejects Plea To Restore 1.35 Lakh Sintex Shares, Says Sec.59 Companies Act Can’t Revive Equity

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) on 21 August dismissed an appeal filed by Titus Babu challenging the cancellation of his 1,35,000 equity shares in Sintex Industries Limited (SIL), observing that an approved Resolution Plan extinguishes pre-existing equity shareholding and binds shareholders and members A Bench of Judicial Member…

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LIC Housing Finance Clarifies NCLT Ruling on Subhash Chandra’s Insolvency and Security Interests

Market snapshot: LIC Housing Finance has clarified that the National Company Law Tribunal’s approval of Dr. Subhash Chandra’s personal guarantor repayment plan will not impact its primary security interests. While the plan offers a minuscule direct payout against the lender’s admitted dues, the company confirmed that it continues to hold and enforce mortgages over the…

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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…