NCLT Mumbai Admits Canara Bank’s Insolvency Plea Against Supreme Housing Over ₹567 Crore Default

The National Company Law Tribunal (NCLT) at Mumbai on Wednesday admitted Canara Bank’s Section 7 insolvency petition against Supreme Housing & Hospitality Private Limited over a default of ₹567.43 crore and initiated corporate insolvency resolution process (CIRP) against the company. A Bench of Judicial Member Nilesh Sharma and Technical Member Sameer Kakar observed: “Accordingly, in…

HPG (Inverness) Limited enters liquidation

Richard Bathgate, restructuring partner and licensed insolvency practitioner at Johnston Carmichael, has been appointed interim liquidator of HPG (Inverness) Limited, effective 7 May 2026. The company holds two land titles registered at the Land Register of Scotland, covering approximately 2.8 hectares (6.91 acres) in Conon Bridge. The site previously benefitted from planning consent for a…

Certificate Course on Insolvency & Bankruptcy Code (IBC), MNLU Mumbai

Course Coverage 1. Introduction to financial distress, historical development of insolvency law, and an overview of the IBC, 2016. 2. Institutional framework — IBBI, NCLT, Insolvency Resolution Professionals, and NCLAT. 3. Corporate Insolvency Resolution Process (CIRP) — including resolution plans, eligibility under Section 29A, and avoidable transactions 4. Liquidation proceedings — initiation, role of the…