NCLT initiates CIRP against Mahagun over ₹260 crore debt

The National Company Law Tribunal (NCLT) has officially initiated the Corporate Insolvency Resolution Process (CIRP) against real estate developer Mahagun (India) Private Limited. The decision, pronounced on August 5, 2025, comes after the company failed to repay a significant outstanding debt of over ₹260 crore. The application to the tribunal was filed by IDBI Trusteeship…

NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]

The Chandigarh Bench of the National Company Law Tribunal recently admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Palchan Bhang Power Private Limited (PBPPL), initiating the Corporate Insolvency Resolution Process (CIRP). The plea was filed by entities who claimed to be financial creditors of the company, namely, Ashirwad…

Top Shelf International Placed into Voluntary Administration

Top Shelf International Holdings Limited (TSI), an ASX-listed company (ASX: TSI), has announced the appointment of voluntary administrators. Top Shelf International cultivates, distills, and markets premium Australian spirits. According to an ASX announcement released on August 18, 2025, Rob Smith and Matthew Hutton, partners of McGrathNicol, have been appointed as joint and several administrators of…

Top Shelf International Placed into Voluntary Administration

Top Shelf International Holdings Limited (TSI), an ASX-listed company (ASX: TSI), has announced the appointment of voluntary administrators. Top Shelf International cultivates, distills, and markets premium Australian spirits. According to an ASX announcement released on August 18, 2025, Rob Smith and Matthew Hutton, partners of McGrathNicol, have been appointed as joint and several administrators of…

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Thornbury’s 1800 Lasagne Enters Administration

On Wednesday July 30, Joey Kellock’s Thornbury restaurant 1800 Lasagne entered administration. But, for now, it remains open as usual. “While we have entered into voluntary administration to restructure the company, we are excited and positive about the future,” the team said in a statement in response to Broadsheet‘s request for comment. “This process is…