The High Court of Gujarat directed final settlement of dues of unsecured creditors in the liquidation proceedings of a pharmaceutical company, permitting disbursement of funds available with the Official Liquidator under Section 530 of the Companies Act, 1956. The matter was initiated by the Official Liquidator of Aesculapius Remedies Limited (in liquidation), seeking permission to…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Jaiprakash Associates Limited ( (IN:JPASSOCIAT) ) has provided an announcement. Jaiprakash Associates Limited, currently undergoing a Corporate Insolvency Resolution Process, has announced the approval of a key…
A Christchurch scaffolding company owes creditors about $500,000 after a merger with its Auckland business failed. Engelbrecht Group Ltd stopped trading after being put into voluntary liquidation by shareholders Charl Engelbrecht and Ruan Engelbrecht. The company has an unpaid debt of about $150,000 to Inland Revenue for outstanding GST payments and owes an estimated $350,000…
7 Mall Favorites Are Most Likely To Go Bankrupt and Close In 2025 MSN Read the original article here
The Allahabad High Court has held that the interest of the homebuyers is paramount in an insolvency resolution process of a real estate company as it directly impacts their rights and interests. Justice Arun Kumar held “In an insolvency resolution process of a real estate company the primary concern is the interest of a homebuyer…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. CMI Limited ( (IN:CMICABLES) ) has issued an update. CMI Limited has announced a deferment in the approval of its audited financial statements for the fiscal year…
The Special Bench of the National Company Law Tribunal (NCLT) at Indore has admitted a Section 7 application under Insolvency and Bankruptcy Code (IBC), 2016 and initiated the Corporate Insolvency Resolution Process (CIRP) against Labhanshi Multitrade Private Limited, holding that the existence of a financial debt and default was undisputed. The application was filed by…
On 6 October 2025, the National Company Law Appellate Tribunal’s (NCLAT) Principal Bench, New Delhi, delivered a terse but telling reminder that the Corporate Insolvency Resolution Process (CIRP) under the Insolvency & Bankruptcy Code, 2016 is triggered by default, not the degree of disbursement or the robustness of security. In Company Appeal (AT)(Ins) No. 1216…
Hungary World Bank Group Read the original article here
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