Corporate insolvency: NCLAT dismisses plea against Nuvoco’s Vadraj acquisition; tribunal backs NCLT approval of Rs 1,800 cr resolution plan

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal challenging the acquisition of Vadraj Cement by Nirma group company Nuvoco Vistas Corporation, upholding the resolution plan approved earlier by the National Company Law Tribunal (NCLT).The Delhi-based principal bench of NCLAT affirmed the April 1, 2025 order of the Mumbai NCLT, which had cleared…

Controversial tech company that sponsored a South African sports team forced into provisional liquidation – MyBroadband

The Western Cape High Court has placed the controversial trading platform and former Bafana Bafana sponsor Banxso in provisional liquidation. Carol Wentzel, a pensioner, brought the winding-up application after responding to an online advertisement featuring Elon Musk and losing a substantial portion of her life savings on the platform. Wentzel was one of several people…

Headington restaurant remains open despite liquidation

Acropolis Greek Taverna in London Road, Headington is bustling with life and “committed” to entertaining its customers, the restaurant owner has said. Owner Ammena Abdu said: “Acropolis Greek Taverna is open as usual and has no plans to close. “We remain committed to serving our customers in Headington.” READ MORE: Trial date set for ‘sophisticated’ RAF Brize…

The Federal Court has recently delivered judgment

This week’s TGIF examines the recent decision of the Federal Court in Reid, in the matter of Kununurra Panel Beating Works (Holdings) Pty Ltd Ltd (in liq) [2025] FCA 593 (Kununurra). In providing a helpful summary of the principles applicable to applications for pooling orders, the Court has also indicated that the traditionally broad scope…