In a recent case, the National Company Law Tribunal (NCLT) New Delhi Bench has held that provisions of moratorium is not applicable to transactions which might be notified by Central Government and admitted the Insolvency application in establishment of default debt. The Company Application filed under section 7 of the Insolvency and Bankruptcy Code, 2016…
Report reveals reasons behind administration of Gusto Restaurants Insider Media Ltd Read the original article here
Photo: 123rf New Zealand’s largest mānuka honey producer Comvita is eyeing a company sale, amid challenging times in the global honey sector. The listed health and wellness company announced on the NZX on Monday morning that its board voted in favour of a bid by Florenz, a subsidiary of investment firm Masthead, to buy the…
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Hiremaster was often used to supply furniture and decor to weddings. (File photo) Photo: bondvit/123RF The liquidation of Wellington event equipment hire company Hiremaster has sparked concerns for event planners. Hiremaster went into liquidation on August 14 after more than 70 years in business. David Ruscoe and Adele Hicks of Grant Thornton were appointed as…
The National Company Law Tribunal (NCLT) has officially initiated the Corporate Insolvency Resolution Process (CIRP) against real estate developer Mahagun (India) Private Limited. The decision, pronounced on August 5, 2025, comes after the company failed to repay a significant outstanding debt of over ₹260 crore. The application to the tribunal was filed by IDBI Trusteeship…
The Chandigarh Bench of the National Company Law Tribunal recently admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Palchan Bhang Power Private Limited (PBPPL), initiating the Corporate Insolvency Resolution Process (CIRP). The plea was filed by entities who claimed to be financial creditors of the company, namely, Ashirwad…
The Chennai bench of the Debts Recovery Tribunal(DRT) directed to admit application filed by financial creditor under section 126 (1) of the Insolvency and Bankruptcy Code, 2016 (IBC) on observing that Tribunal being the Adjudicating Authority had rejected the repayment plan under Section 114, the debtor and the creditors are entitled to file an application…
Aussie influencer’s fashion brand collapses into administration msn.com Read the original article here
Top Shelf International Holdings Limited (TSI), an ASX-listed company (ASX: TSI), has announced the appointment of voluntary administrators. Top Shelf International cultivates, distills, and markets premium Australian spirits. According to an ASX announcement released on August 18, 2025, Rob Smith and Matthew Hutton, partners of McGrathNicol, have been appointed as joint and several administrators of…