Petition U/S 9 Of IBC Is Inadmissible Without Payment Received By Corporate Debtor In Subcontracted Work Done By Operational Creditor: NCLT Hyderabad

Liquidation

The National Company Law Tribunal (NCLT) Hyderabad bench of Sri Rajeev Bhardwaj (Hon’ble Judicial Member) and Sri Sanjay Puri (Hon’ble Member Technical) has held that in absence of any payment received by the Corporate Debtor in a subcontracted work executed by the Operational Creditor, application under section 9 of the IBC cannot be entertained. Filing…

Nottingham Rehab Limited and NRS Healthcare Limited in liquidation: information for customers, suppliers, creditors and landlords.

Liquidation

On 1 August 2025, winding up orders were made against Nottingham Rehab Limited (trading as NRS Healthcare) and NRS Healthcare Limited. The court appointed the Official Receiver, Gareth Jonathan Allen, as Liquidator.   Following an application made by the Official Receiver, the court also appointed Mark James Tobias Banfield, Edward Williams, Helen Laura Wheeler-Jones, Adam Seres and David…

SC recalls its verdict on Bhushan Steel liquidation

Liquidation

The Supreme Court on Thursday recalled its recent order that set aside a Rs 19,700 crore resolution plan submitted by JSW Steel Limited for Bhushan Power and Steel Limited (BPSL) and ordered liquidation of the beleaguered company. “Prima facie we are of the view that the impugned judgment does not correctly consider the legal position…