Permitting Repeated Invitation of EOI (Form G) merely on behest of Individual Stakeholder Will Defeat Timeliness under IBC: NCLT [Read Order] Taxscan Read the original article here
In af recent case, the National Company Law Tribunal (NCLT) on finding that the IRP has faced resistance from suspended management and the non-cooperation from the members of CoC, and directed the members to corporate with the Liquidator. The application has been filed by the Interim Resolution Professional (IRP) acting as Resolution Professional (RP), seeking…
Interest Claims Under MSMED Act Can’t Be Added To Principal Amount: NCLT Mumbai Live Law Read the original article here
A company called 24M Technologies may have just cracked the code for faster, more efficient EV batteries, according to a recent article. The company’s new electrolyte, Eternalyte, promises to make charging an electric car four times faster than what we see today — and it’s all possible with regular charging stations, with no need for…
While Joann Fabrics locations closed across the country, disturbing reports emerged about the company’s liquidation practices. What’s happening? A Redditor visiting their local store witnessed employees discarding sewing patterns in rolling garbage cans. When asked about this practice, an employee explained that liquidators had instructed them to “keep 4 and toss the rest,” adding that…
The first liquidators report has been published after three more companies run by Jacks Point property developer Dean Franklin went into liquidation with IRD tax debts of $2.1 million and loans owed by related parties of over $8 million. Falconer Corporate Ltd, Founder Corporate Ltd and S R Corporate Ltd all entered liquidation on June…
The Supreme Court’s (SC) decision to recall its May 2 judgment that had ordered the liquidation of Bhushan Power and Steel (BPSL) is a significant positive outcome for the Insolvency and Bankruptcy Code (IBC) and the overall framework for stressed asset resolution in India. The top court’s decision to hear the case afresh on August…
The Insolvency Service has officially confirmed that Nottingham Rehab Limited and NRS Healthcare Limited are in liquidation. It follows a range of news stories reporting that NRS Healthcare, which supplies assistive technologies to the NHS and local authorities, was on the brink of going bust. Today, (1 August 2025), winding up orders were made against…
National furniture brand faces Chapter 7 bankruptcy, liquidation TheStreet Read the original article here
Harsh economic times have been cited as the reason for the liquidation of a Wanaka interior design business. Wanaka Interiors, which was incorporated in March 2022, was placed in liquidation by shareholders resolution last month. In their first report, liquidators Trevor and Emma Laing, of Laing Insolvency Specialists, said the business, owned by Celeste and…