The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the liquidation of Reliance Capital Ltd. with the provision of the Insolvency and bankruptcy Code(IBC), 2016 and appointed the liquidator. The Application has been filed under Section 33(2) of Insolvency and Bankruptcy Code, 2016 (“theCode”) read with applicable provisions of the Insolvency and Bankruptcy…
The National Company Law Tribunal (NCLT), Mumbai Bench has held that it is not the appropriate forum to adjudicate matters related to copyright violations related to ‘Kaithi’ movie and contract termination and rejected application preferred by Dream Warrior Pictures. The applicant, Dream Warrior Pictures file application under Section 9 of the Insolvency and Bankruptcy Code,…
Many North East firms at “crossroads”, insolvency expert says business-live.co.uk Read the original article here
In an important, the Madras High Court has held that the Commercial Tax Department qualifies as a ‘secured creditor’ under the Insolvency and Bankruptcy Code ( IBC ) where statutory charges are created on the property of a corporate debtor. Thus, directed the auction purchaser – petitioner, to recover its purchase consideration from the corporate…
Teneo, the global CEO advisory firm, today announced a major expansion of its fast-growing global business with an agreement to acquire PwC’s Australia Business Restructuring Services unit. The transaction further extends Teneo’s market-leading presence across Asia-Pacific, providing its Financial Advisory business with a strong foothold in the Australian market. The team will offer a wide…
The Insolvency and Bankruptcy Code (IBC) was enacted to consolidate and streamline the insolvency resolution process for corporates, partnership firms, and individuals in a time-bound manner. It aims to hasten the resolution process and thereby maximize the value of the assets of such entities. The IBC seeks to balance the interests of all stakeholders, including…
Australia’s most acid-tongued food critic gloats after restaurant that blacklisted him collapses MSN Read the original article here
Jewelry is displayed at a Claire’s store in Novato, California, on June 23, 2025. Justin Sullivan | Getty Images Claire’s announced Wednesday it is selling most of its North American business to private equity firm Ames Watson, just weeks after the jewelry retailer declared bankruptcy. The companies did not disclose any financial details of the…
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The National Company Law Tribunal (NCLT), Hyderabad Bench of Justice Shri. Rajeev Bhardwaj (Hon’ble Member) and Shri. Sanjay Puri – Hon’ble Member Technical has held that proving debt and default through records of default with the information utility is not mandatory. If debt and default are established through other evidence, a petition under Section 7…