To determine the company’s true financial position, the court appointed an independent accounting expert to review its records, assets and liabilities. The expert’s report concluded that the company was no longer active, held no real estate, movable assets or cash reserves, and had accumulated losses that had wiped out its capital entirely. Its financial position,…
NCLT Confirms New Resolution Professional for Quadrant Televentures Limited scanx.trade Read the original article here
Tricom Fruit Products Limited Schedules Committee of Creditors Meeting for January 30, 2026 scanx.trade Read the original article here
The Supreme Court on Friday issued notice to the Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and Serious Fraud Investigation Office (SFIO) on a writ petition alleging large-scale fraud, illegal continuation of management during insolvency proceedings, and serious concerns touching upon judicial propriety in a long-stalled Corporate Insolvency Resolution Process (CIRP). The Bench of…
A preferential claim from Inland Revenue of $60,000 is owed. Unsecured creditors are owed $40,000. The company has an estimated $10,507 in plant and equipment to be sold in the liquidation. Companies Office records show Eric Ibrahim is the sole director and shareholder of Watan Ltd. According to its website, Jadetown Uyghur Cuisine’s Mt Eden…
The total number of new companies established in Türkiye during 2025 saw a slight decrease compared to the previous year, according to official figures released on Friday. Data from the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) indicated that 113,779 companies were launched last year, representing a 1.5% decline from the 115,463 recorded…
Skyline Ventures India Limited Complies with NCLT Document Supply Order in Insolvency Proceedings scanx.trade Read the original article here
Embassy Developments NCLAT Proceedings Adjourned to February 5, 2026 scanx.trade Read the original article here
“Disputes Dehors Insolvency Cannot Be Dressed Up As CIRP Issues Merely Because They Arise During The Process” – In a ruling that will serve as a judicial compass for insolvency professionals, resolution applicants and adjudicating authorities alike, the Supreme Court in Gloster Limited v. Gloster Cables Limited & Ors., firmly held that insolvency tribunals cannot…
Targa Florio Cars blames liquidation on ‘trading conditions’ BBC Read the original article here