The National Company Law Tribunal (NCLT) has reserved its order on a petition seeking liquidation of Sapphire Land Development, triggering debate in insolvency circles over whether a company can be liquidated without completing a mandatory procedural requirement under the Insolvency and Bankruptcy Code (IBC). The case has spotlighted a critical gap in the Corporate Insolvency…
Spectra Industries CoC to meet on July 3 to approve costs scanx.trade Read the original article here
New Delhi: The National Company Law Tribunal (NCLT) will admit a case only if the twin major requirements of ‘debt’ and ‘default’ are established under the Insolvency and Bankruptcy (Amendment) Act 2026, legal experts said on Friday. The new features of the amended act, along with the competition law, were discussed at a media roundtable…
The National Company Law Tribunal (NCLT) will admit a case only if the twin requirements of “debt” and “default” are established under the Insolvency and Bankruptcy Code (Amendment) Act, 2026, legal experts said on Friday. The new features of the amended Act, along with competition law developments, were discussed at a media roundtable on the…
The National Company Law Tribunal (NCLT) will admit a case only if the twin requirements of “debt” and “default” are established under the Insolvency and Bankruptcy Code (Amendment) Act, 2026, legal experts said on Friday. The new features of the amended Act, along with competition law developments, were discussed at a media roundtable on the…
A family run haulage and freight company based in Scotland has plunged into liquidation in another major blow for the UK motoring industry. JKM Transport Solutions Ltd appointed administrators on June 29, with the news released in the Edinburgh Gazette in the early hours of July 3. George Lafferty, of BTG Begbies Traynor (Central) LLP…
Reprsesentative image. | Photo Credit: Getty Images/iStockphoto The story so far: The National Company Law Appellate Tribunal (NCLAT) has held that the Insolvency and Bankruptcy Code (IBC) moratorium cannot shield assets alleged to be “proceeds of crime” from attachment under Prevention of Money Laundering Act (PMLA). The ruling came in a case involving Siddhi Vinayak…
Bernise Carolino of Law Times shares that the Ontario Superior Court approved Field Aviation’s US$800,000 sale of aircraft-modification intellectual property to Draken without a formal marketing process, finding the data had value only to the buyer. Read the original article here
Fazle Masum imported raw tobacco without the necessary approval from HM Revenue and Customs (HMRC) The tobacco was intercepted by Border Force in 2022 after being hidden in vacuum-sealed tins disguised as furniture His company, Unique Enterprise Ltd, was fined nearly £153,000 and later went into liquidation owing almost £175,000 A Glasgow company director has…
Cannabis Companies Finally Gain U.S. Bankruptcy Access MJBizDaily Read the original article here