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
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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…
Future of city housing project unclear after developer Capelli files for insolvency Luxembourg Times Read the original article here
Martin was declared bankrupt at the Chief Insolvency and Companies Court earlier today. And, in a statement released to the Echo, Schooley offered little sympathy towards the Shrimpers ex chairman. “It became clear many years ago what a convoluted web of indebted companies Ron Martin had wound Southend United into,” said Schooley. “It has also…
Martin – who owned the Shrimpers between 1998 and 2024 – attended the Chief Insolvency and Companies Court this morning but the hearing was put back until later in the afternoon due to an ongoing issue surrounding costs and petition. READ MORE: What Ron Martin’s bankruptcy will mean for Blues However, once it resumed Judge…