Appellate tribunal NCLAT has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has arrived at a settlement with its financial creditor. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) took on record the Settlement between Mahagun (India) and IDBI Trusteeship dated February 12, 2026. An application was moved…
The banks are listed on the stock exchange and have attracted substantial retail investment. 18 February, 2026, 10:30 pm Last modified: 19 February, 2026, 01:05 am Infographics: TBS “> Infographics: TBS The Bangladesh Securities and Exchange Commission has formally urged the government to safeguard the interests of general investors as the financial sector undergoes a…
NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement ET Realty Read the original article here
One source said the business was in ‘trouble’ for some time UK jewellery company falls into liquidation after 40 years in business(Image: Getty Images/Mint Images RF) A jewellery company based in Scotland has fallen into liquidation. The Ringmaker, which had two stores in Glasgow and Edinburgh, was known for elegant engagement rings and other statement…
New Delhi, Feb 22 ( PTI) Appellate tribunal NCLAT has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has arrived at a settlement with its financial creditor. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) took on record the Settlement between Mahagun (India) and IDBI Trusteeship dated February…
A UK jewellery company has crashed into liquidation, meaning its two stores have shut and all nine jobs have been lost. The company was known for elegant engagement rings and other statement pieces that were created by their trained designers. It follows a slew of other independent and big chain stores that have disappeared from…
On Friday, 27 February, the Business Rescue Practitioners and their lawyers will approach the High Court in Durban to request the provisional liquidation of Tongaat Hulett Limited (THL), the company that is a crucial backbone of the rural economy in northern KwaZulu-Natal. They will act in the knowledge that their own fees, racked up over…
Corporate insolvencies set to rise anew in 2026 as interest rate risks linger: Coface Insurance Business Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has ended insolvency proceedings against the real estate powerhouse Mahagun, following the company’s settlement with financial creditor IDBI Trusteeship. The two-member NCLAT bench officially recorded the settlement dated February 12, 2026, between the two parties. An application submitted by IDBI Trusteeship sought to withdraw the insolvency proceedings,…
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