Unitech International CoC Meeting: Key Decisions Postponed, Form G Addendum Approved

Bankruptcy

Decisions on appointing legal counsel and statutory compliance firms were postponed, alongside Resolution Professional expenses, during Unitech International Ltd’s 6th Committee of Creditors (CoC) meeting on March 2, 2026. An addendum to Form G, vital for inviting resolution plans, however, received unanimous approval. Reader Takeaway: CIRP timeline faces potential delays as critical appointments are postponed;…

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Oil Shock: India’s Oil Security at Stake | Is an LNG Shock Coming for India? | Commodities with MC Escalating tensions in West Asia have triggered a global oil shock, with crude prices surging past $115 and raising fresh concerns over energy supply. Production cuts by Iraq, Kuwait, and the United Arab Emirates have intensified worries…

NCLAT Issues Crucial IBC Orders: Guarantees, Debt Inflations, Creditor Rights Challenged

Bankruptcy

AuthorVihaan Mehta|Published at:9th March 2026, 12:15 pm Overview The National Company Law Appellate Tribunal (NCLAT) has issued critical rulings under the Insolvency and Bankruptcy Code (IBC) for early 2026. Key decisions clarify personal guarantee invocation, penalize debt inflation by creditors, and define Committee of Creditors’ powers. Orders also cover dispute jurisdiction, asset exclusion in liquidation,…

NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]

Bankruptcy

The National Company Law Tribunal, Chandigarh Bench has accepted the voluntary insolvency petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), filed by an Indian Made Foreign Liquor (IMFL) manufacturer on the basis of the financial default of ₹1.80 crore. The Bench comprising Mr. Khetrabasi Biswal (Judicial Member) and Mr. Shishir Agarwal…