Bristol window and door specialist founded nearly 50 years ago ceases trading – Business Live
Bristol window and door specialist founded nearly 50 years ago ceases trading Business Live Read the original article here
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CESTAT Dismisses Appeal, Ruling Dept. Participated in NCLT Proceedings [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has dismissed the revenue department’s appeal and held that statutory dues that are not included in an approved resolution plan under the Insolvency and Bankruptcy Code (IBC), 2016 stand extinguished. PSL Limited (appellant) for whom the revenue sought to recover outstanding excise…
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Corporate Guarantee Need Not Be Invoked To File Claim In Guarantor’s CIRP: NCLAT
The National Company Law Appellate Tribunal (NCLAT) at Delhi has held that a financial creditor can maintain its claim in the Corporate Insolvency Resolution Process (CIRP) of a corporate debtor that had stood as a guarantor for another company, even if the corporate guarantee was never invoked. It further held that invocation of a corporate…
LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – November 2025 – Credit Connect
LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – November 2025 Credit Connect Read the original article here
Karnataka High Court stays insolvency order against State-owned Cauvery Neeravari Nigam
The Karnataka High Court on Monday stayed the initiation of corporate insolvency resolution proceedings (CIRP) against Cauvery Neeravari Nigam Limited (CNNL), a Karnataka government-owned irrigation company [Cauvery Neeravari Nigam Vs Union of India]. The stay order was passed by Justice Suraj Govindaraj in a writ petition challenging a December 10 order of the National Company…
Tasty Dairy Specialities Company Secretary Resigns During Insolvency Process – scanx.trade
Tasty Dairy Specialities Company Secretary Resigns During Insolvency Process scanx.trade Read the original article here
All Property, Including Alleged Benami Assets, Shielded From Action Over Pre-Resolution Offences: Madras High Court
The Madras High Court has recently held that once a resolution plan is approved under the Insolvency and Bankruptcy Code, authorities cannot proceed against any property standing in the name of a corporate debtor for offences committed before the insolvency process, even if such property is alleged to be held benami. A single bench of…
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