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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Related Party Status Must Be Determined On When Insolvency Proceedings Commence, Not By Historical Facts: NCLT Ahmedabad

The National Company Law Tribunal, Ahmedabad bench of Mr. Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), held that related party status as per the Insolvency & Bankruptcy Code must be determined on the date of commencement of Insolvency Proceedings and not based on historical roles. Background Facts: The Corporate Debtor, Sebacic…

BREAKING: Christchurch painting firm collapses owing $2.6 million to staff, IRD and creditors

A Christchurch-based painting and maintenance company has gone into liquidation, with debts totalling more than $2.6 million. Phil Clarke & Son Limited was placed into liquidation on 8 July 2025 following a special resolution by the company’s shareholder and director Daniel Clarke. The appointed liquidator is Brenton Hunt of Insolvency Matters Limited. According to the…