Farewell to a trusted brand – major food company files for Chapter 7 bankruptcy and declares bankruptcy

Liquidation

Forklifts sit motionless at the once‑bustling Corona‑College Heights Orange &  Lemon Association packing house in Riverside County. After 125 harvest seasons, the grower cooperative —one of California’s oldest continuous produce brands— has filed Chapter 7 liquidation, spelling a hard goodbye for a food company that packed oranges, lemons and grapefruit nonstop, year‑round. From horse‑drawn wagons to…

NCLAT Refuses to Interfere in Liquidation Process, Dismisses Suspended Director’s Appeal [Read Order]

Liquidation

The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal filed by Mr. Rakesh Verma, the suspended director of a company under liquidation, reaffirming that once a company enters the liquidation stage under the Insolvency and Bankruptcy Code (IBC), individual objections from suspended directors, especially those not rooted in legal merit, cannot delay or derail…

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Liquidation

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Liquidation

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NCLAT Sets Aside NCLT’s Order Allowing Time-Barred Claim in Voluntary Liquidation Process [Read Order]

Liquidation

The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Adjudicating Authority that had permitted a creditor to intervene in a concluded voluntary liquidation process, despite the claim being filed beyond the prescribed limitation period. The appeal was filed by the liquidator of Nextgen Procon Pvt. Ltd., challenging an order dated…

Bowen Coking Coal Enters Administration Amid Royalty Dispute

Liquidation

Why Has Bowen Coking Coal Entered Voluntary Administration? Bowen Coking Coal, a Queensland-based mining company, has appointed voluntary administrators as of July 30, 2025, putting more than 500 jobs at risk at its Burton Mine near Moranbah. The company’s decision follows a series of financial challenges that have made its operations increasingly unsustainable in Queensland’s…

Bowen Coking Coal enters voluntary administration

Liquidation

Bowen Coking Coal has entered voluntary administration, a move that has heightened concerns regarding the future of the coal industry in Queensland, Australia, and the security of more than 500 jobs at the Burton Mine near Moranbah. The company had previously sought a royalty deferral from the Queensland Revenue Office, which was rejected on 29…

NCLT Ahmedabad Admits Blu Smart Mobility Ltd Into CIRP Over Default Of ₹1.28 Crore

Liquidation

The National Company Law Tribunal (NCLT), Ahmedabad bench, comprising Justice Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), has initiated the Corporate Insolvency Resolution Process (CIRP) against Blu-Smart Mobility Ltd. (Corporate Debtor) upon an admitted default of Rs.1,28,02,195. Brief Facts Catalyst Trusteeship Limited (Applicant/ Financial Creditor) filed the petition under Section 7…