The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member) and Mr. Indevar Pandey (Technical Member) has held that Intervention Application under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be entertained beyond the limitation period of 3 years. The present appeal has been filed…
‘Shark Tank’ food company owners file Chapter 7 bankruptcy TheStreet Read the original article here
Sydney furniture companies collapse with $500k in undelivered orders MSN Read the original article here
Date published: 17 July 2025 The High Court has made a Disqualification Order against the directors of a company operating in the business of travel agents. The Order was made for eight years against David John Weir (53) of Whitesides Road, Randalstown, Co. Antrim and Sharmayne Louise Weir (54) of Craigahulliar Road, Portrush, Co. Antrim…
Insolvency processes are by definition resource-constrained environments, so artificial intelligence (AI) tools that enhance efficiency and reduce delay and cost (and ultimately improve creditor returns) are naturally a welcome development. The potential for efficiency gains via AI use in insolvency processes and restructurings more generally is significant. This brings with it the opportunity to address…
Insolvency Service launches new strategy to tackle economic crime Insider Media Ltd Read the original article here
Modern Citizens’ advertising division goes into liquidation Campaign Read the original article here
By Sophia Dourou ( July 16, 2025, 4:34 PM BST) — The Insovency Service on Wednesday announced an expansion of its enforcement remit in order to play a more prominent role in the fight against corporate crime…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving…
BYJU’s founders preparing to file over USD 2.5-billion suit against Glas Trust, others Deccan Herald Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that the amount paid by the co-applicant of the corporate debtor during the Corporate Insolvency Resolution Process (CIRP), from an account other than that of the corporate debtor, cannot be directed…