Williamson Magor & Co. Ltd. has successfully resolved a legal challenge, with the National Company Law Tribunal (NCLT) in Kolkata dismissing an insolvency application filed by Carnex Timbers Pvt Ltd. The dismissal, announced on March 11, 2026, follows a settlement between the parties. Key Details of the Dismissal The application was filed under Section 7…
New Delhi: The National Company Law Tribunal (NCLT), New Delhi Bench-IV, has refused to admit an insolvency plea filed by Shikhar Dhawan against Absolute Legends Sports, the company that operates the Legends League Cricket. According to news reports, the tribunal held that Dhawan had not demonstrated that the alleged operational debt had become due and…
Cian Healthcare Limited has received in-principle approval from the BSE for issuing equity shares as part of its resolution plan, a significant move toward its operational revival. The plan, approved by the National Company Law Tribunal (NCLT) on December 18, 2025, involves issuing over 2.37 crore shares to prospective promoters and 12.5 lakh shares to…
Sejal Glass Limited is set to list 13,00,000 equity shares on the NSE and BSE beginning March 11, 2026, following approval for a preferential allotment. The listing will bring the company’s total listed capital to ₹11.40 crore. This move follows a ₹94.35 crore preferential fundraising completed in September 2025. Why This Listing Matters This inflow…
Jiostar India Pvt. Ltd has approached the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Absolute Legends Sports Pvt. Ltd., the company associated with the Legends League Cricket tournament, over alleged unpaid dues of ₹3.59 crore. In a petition (accessed by Storyboard18) filed under Section 9 of the Insolvency and Bankruptcy Code,…
EX-BANKRUPT BACK IN BUSINESS PressReader Read the original article here
Guangdong Chigo Air Conditioning Co., Ltd., once grouped with Gree, Midea, and Haier as one of China’s “Four Little Dragons” of air conditioning, has officially reached the end of the road with bankruptcy liquidation. Recently, the Foshan Nanhai District People’s Court issued an announcement ruling to accept the bankruptcy liquidation application against Guangdong Chigo Air…
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…
Cabinet clears amendments to Insolvency and Bankruptcy Code after select panel review MSN Read the original article here
New Delhi: The Union Cabinet on Tuesday approved the final amendments to the Insolvency and Bankruptcy Code (IBC), for which legislation will be moved in the Parliament in the ongoing session, two persons familiar with the development said. IBC reforms aim to speed up debt resolution, cut litigation and improve outcomes for creditors. (File Photo/MINT)…