The National Company Law Tribunal (NCLT), New Delhi, has admitted an application filed by the State Bank of India (SBI) under Section 7 of the (IBC), thereby initiating the Corporate Insolvency Resolution Process (CIRP) against Giga Pipe Systems India Pvt. Ltd. The application was based on a financial debt default exceeding Rs. 45 Crores. SBI,…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Growy Singapore, the operator of an 8,000 m² vertical farm near Changi Airport, has gone into provisional liquidation, marking the end of its operations less than a year after the farm’s official opening in November 2024. In a statement dated October 28,…
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Office of the Registrar of Companies (ORC) The Office of the Registrar of Companies (ORC) has issued a strict directive requiring all licensed insolvency practitioners to renew their operating licenses by November 28, 2025, or risk losing their legal right to practice. The order, grounded in Sections 153(3)(a) and 161(1) of the Corporate Insolvency and…
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