In a recent ruling, the National Company Law Tribunal (NCLT) Kochi Bench has directed the reclassification of Yes Bank’s ₹4.92 crore loan to Roofco Trading Company Private Limited as unsecured financial debt, holding that the mortgage relied upon by the bank was created over the promoters’ personal properties and not the corporate debtor’s assets. The…
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency Resolution Process for Corporate Persons (Fourth Amendment) Regulations, 2026, introducing important changes aimed at strengthening creditor participation and tightening control over insolvency costs. Under the amendment, the composition of the Committee of Creditors (CoC) has been revised to include the 18 largest unrelated…
Aksh Optifibre Enters Corporate Insolvency Resolution, Invites Creditor Claims TipRanks Read the original article here
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The National Company Law Appellate Tribunal (NCLAT) in Chennai has recently held that a purchaser of a corporate debtor sold as a going concern in liquidation cannot claim rights over its subsidiaries, joint ventures, or associate entities merely because they belong to the same corporate group. The tribunal ruled that such assets fall outside the…
NCLAT stays Kallam Textiles insolvency process pending restructuring review scanx.trade Read the original article here
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REVEALED: Latest business liquidations in Scenic Rim The Courier Mail Read the original article here
Vas Infrastructure Ltd announced its 25th Committee of Creditors meeting on June 22, 2026. The company remains under Corporate Insolvency Resolution Process (CIRP), indicating ongoing financial restructuring and potential risks for shareholders. Vas Infrastructure Limited has scheduled its 25th Committee of Creditors (CoC) meeting for June 22, 2026, as the company continues under the Corporate…