NCLAT upholds penalty against Santoshi Finlease

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Santoshi Finlease Private Limited, upholding a penalty of ₹10 lakh imposed by the National Company Law Tribunal (NCLT) for filing a malicious and fraudulent insolvency petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The…

Darts legend Mervyn King declared bankrupt and may be forced out of home: ‘You think the gravy train will last for ever and it doesn’t’

Mervyn King, a two-time finalist at the Lakeside World Championship, fears he will lose his home and struggle to care for his three dogs after he was officially declared bankrupt. The 58-year-old darts veteran says he has accumulated a tax debt of more than £500,000 with the British Revenue and Customs (HMRC). King admits he…

IBC Weekly Round-Up [3rd March To 9th March, 2025]

Shri Krishan V. H.S Oberoi Buildtech Private Ltd.,Company Appeal (AT) (Insolvency) No. 128 of 2025 Mr. Shailendra Singh, Resolution Professional of Foxdom Technologies Pvt Ltd vs. Directorate Of Enforcement & Anr., ΙΑ NO. 4689 OF 2023 IN IB-102(ND)/2022 Himanshu Singh, Suspended Director of Kriti Prakashan Private Limited Versus HDFC Bank Limited and Anr., Company Appeal…