The National Company Law Appellate Tribunal (NCLAT) has upheld a previous decision rejecting an insolvency plea made by Reliance Realty against Altruist Customer Management. The dismissal was originally issued by the National Company Law Tribunal (NCLT), which cited a pre-existing dispute over Rs 24.34 crore in rental dues. Reliance Realty sought insolvency proceedings under…
AuthorIshaan Verma|Published at:9th March 2026, 8:59 pm Overview The finance ministry has directed public sector banks (PSBs) to accelerate efforts in resolving corporate insolvency cases under the IBC, aiming to minimize delays and improve asset value recovery. This directive follows a review meeting highlighting the need for a more collaborative approach. Despite overall improvements in…
Spotting financial distress early can be the difference between stabilising a business and watching problems escalate. Directors have legal duties to act in the best interests of creditors once insolvency becomes a real risk, which means early action is essential. This guide explains the key early warning signs of insolvency and the practical steps directors…
Discover how insolvency affects you and what steps to reduce personal liability Overview If you are a company director with a director’s loan account (DLA), it is important to understand how insolvency affects your personal position. When a company enters financial difficulty, the way your loan account has been managed can significantly increase or reduce…
First report into liquidation of Timaru-based South Island engineering workshop released The Press Read the original article here
Auckland grocer tries to serve bankruptcy notice on Smiths City owner The Press Read the original article here
Artechno Growsystems was declared bankrupt on Tuesday last week. The week before, the company filed for suspension of payments. At the time, a statement expressed the hope of securing the company’s future by raising new financing. “We are convinced that Artechno has…
Artechno Growsystems was declared bankrupt on Tuesday last week. The week before, the company filed for suspension of payments. At the time, a statement expressed the hope of securing the company’s future by raising new financing. “We are convinced that Artechno has…
Impex Ferro Tech Limited Conducts 25th Committee of Creditors Meeting Under Corporate Insolvency Resolution Process scanx.trade Read the original article here
LDPE recycler Repeats files for insolvency Plastics News Read the original article here