Category Archives: Liquidation

Adjudicating Authority Cannot Direct Realisation Of Security Interest U/S 52(5) Of IBC In Absence Of Resistance From Corporate Debtor: NCLT Mumbai

The National Company Law Tribunal (NCLT) Mumbai bench of Shri Anil Raj Chellan (Technical Member) and Shri K. R. Saji Kumar (Judicial Member)has held that the Adjudicating Authority cannot direct realisation of security interest under section 52(5) of the IBC when the Secured Creditor has failed to establish any resistance from the Corporate Debtor or…

NCLAT stays insolvency proceedings against Reliance Infrastructure, ETEnergyworld

New Delhi: Reliance Infrastructure Ltd on Friday said appellate tribunal NCLAT has stayed the insolvency proceedings against the company following a repayment of ₹92.68 crore towards tariff as per an energy purchase agreement. Reliance Infrastructure in its latest regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) has stayed an NCLT order over…

covid cost overruns and whiskey tariffs blamed

The Killarney Brewing and Distilling Company which went into liquidation this week had dozens of creditors when it entered the examinership process in April, with more than €8m owed. The company confirmed the unsuccessful conclusion of its examinership process on Tuesday, with more than 50 jobs impacted by the brewery ceasing operations. The company premises…

NCLT’s inherent power to permit liquidation withdrawal |SCC Times

National Company Law Tribunal, Chandigarh: In an instant application filed by the applicant, under Section 59, 60(5) and other applicable provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (‘Voluntary Liquidation Regulations’) for withdrawal of voluntary liquidation of the Company, the Bench…

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SA disability employment provider Bedford hopes for government funding lifeline

Disability employment provider Bedford is hoping the federal government will throw it a financial lifeline to avoid the company entering voluntary administration. But Minister for Health, Ageing and Disability Mark Butler has warned the government does not usually put taxpayer money into a “failing organisation”. In a statement on Thursday, Bedford said it would enter…

Federal Court terminates wind up of company in liquidation 

This week’s TGIF considers the recent decision of the Federal Court of Australia in Blundell, in the matter of Reacon Australia Pty Ltd (in liquidation) [2025] FCA 758. Key takeaways Liquidation is not the end of the road. If a company can demonstrate that it is solvent again, and has a solid plan for staying…