The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently directed the NCLT, Mumbai Bench, to first decide an application filed by a sugar cooperative alleging that a Section 7 insolvency case against a company was collusive and could prejudice its rights. The tribunal said this was warranted by the peculiar facts of the…
The Supreme Court on Wednesday reserved its judgment on whether a resolution plan approved by the Committee of Creditors (CoC) can be withdrawn after it has been submitted to the National Company Law Tribunal (NCLT) for approval. The Committee of Creditors (CoC) is the primary decision-making body under the Insolvency and Bankruptcy Code (IBC)…
A tokenized Treasury can move across a blockchain in seconds. A tokenized stock can trade around the clock. But none of that answers the question that matters most when something goes wrong: What do you legally own if the company behind the token goes bankrupt? The answer depends less on the blockchain than on the…
SINGAPORE – Mary Chia Holdings, the beleaguered lifestyle, beauty, and wellness brand that has been in the news recently over money issues, will remain in operation after insolvency and bankruptcy applications against the company and its executives were paused on Sept 30. The four suits filed by corporate lender Fullink Capital include two insolvency claims…
Representational image only. | Photo Credit: X/@dir_ed “The Enforcement Directorate (ED) on Wednesday (September 30, 2026) conducted searches at a dozen locations in Kolkata in a money-laundering investigation against a Kolkata-based group accused of a bank loan fraud exceeding ₹820 crore and the subsequent “misuse” of the Insolvency and Bankruptcy Code (IBC),” officials said. Agency…
The National Company Law Appellate Tribunal (NCLAT), Chennai, has held that a personal guarantor who settled a corporate debtor’s dues with its financial creditor, did not become a financial creditor in the liquidation proceedings. A bench of Judicial Member Justice Sharad Kumar Sharma and Technical Member Jatindranath Swain found that there was no assignment of…
Harju County Court in Estonia declared the savings and loan association Kodumaa Kapital bankrupt in mid-September. ERR News reports. Payments to depositors suspended At the beginning of the year, Kodumaa Kapital stopped paying funds to depositors. As Ärileht reported, the association explained this by amendments to the law on savings and loan associations. In February,…
The Harju District Court declared the bankruptcy of the Kodumaa Kapital savings and loan association in mid‑September. Kodumaa Kapital stopped paying out money to depositors at the start of this year, saying the halt was caused by changes to the Savings and Loan Associations Act, Ärileht reported. In February, a letter sent to depositors offered…
REVEALED: Liquidator appointments for businesses in the Parramatta council area for September 30 The Daily Telegraph Read the original article here
September 30, 2026 — 7:00pm Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA A company tied to top chef Scott Pickett collapsed under the weight of a $2.3 million tax debt just weeks after he closed one of his fine-dining venues. Nord Arc…