Introduction This article examines the judgment of the National Company Law Tribunal, Kochi Bench, in IA(IBC)/303/KOB/2024 in CP(IBC)/57/KOB/2022, arising in the matter of M/s. Thesaurus Projects Private Limited. The application was instituted under Section 66 of the Insolvency and Bankruptcy Code, 2016, seeking to fix personal liability on the suspended directors for fraudulent trading. The…
At the turn of the year, the structure surrounding KessTech underwent fundamental changes. A new holding solution is intended to ensure the brand’s continued existence and provide stability following insolvency. KessTech brand under the umbrella of RLS 2025 Holding B.V. since January 1, 2026. No takeover of the former MEC GmbH and no legal succession…
Heating business acquired in pre-pack deal TheBusinessDesk.com Read the original article here
The National Company Law Tribunal (NCLT) at Ahmedabad has recently held that a settlement between an operational creditor and a suspended director cannot be used to withdraw a company from insolvency once the Committee of Creditors is in place.Dismissing a withdrawal plea in the insolvency of Vimla Fuels & Metals Limited, the tribunal said such…
“IBC code” most commonly refers to India’s Insolvency and Bankruptcy Code, 2016, an act that consolidates and amends laws for the time-bound resolution of insolvency for corporate bodies, firms, and individuals. The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian Companies. The National Company Law Tribunal…
Businessman Christopher Steele, 45, was behind a string of popular eateries in the Glasgow and Ayrshire areas. Christopher Steele has been hit with an 11-year ban by the Insolvency Service (Image: Ayrshire Post) The ex boss of a well-known restaurant chain has been barred from running companies for more than a decade. Christopher Steele was…
Scotland legend James McFadden made bankrupt as eyewatering debts of more than £2.5M revealed The Scottish Sun Read the original article here
Attention, Our system has indicated that your user behaviour is potentially automated. News Group Newspapers Limited does not permit the access, collection, text or data mining of any content from our Service by any automated means whether directly or through an intermediary service. This is stated in our terms and conditions. If you would like…
A former Premier League star has been declared bankrupt, despite earning a fortune during his playing career. There’s a sad irony to a footballer’s life: while everything may appear rosy on the pitch, what comes after hanging up their boots is often completely uncertain, with many struggling to navigate the challenges that follow. Eight former…
– Company is appealing legal action related to user loss claims Updated on 12 February 2026 Key points: – Company is appealing legal action related to user loss claims – States that legal case has nothing to do with its liquidity or financial stability BC.Game has released a statement in response to its ongoing legal…