The National Company Law Appellate Tribunal, Chennai Bench, comprising Justice Sharad Kumar Sharma (Member – Judicial) and Jatindranath Swain (Member – Technical), has held that the procedural direction requiring the appellant to file an affidavit confirming the accuracy of certain ledger transactions could not be appealed. The appeal was preferred u/s 61 of the IBC.…
Insolvency Service launches 5-year Investigation and Enforcement Strategy GOV.UK Read the original article here
The National Company Law Appellate Tribunal, Chennai Bench, comprising Justice Sharad Kumar Sharma (Member – Judicial) and Jatindranath Swain (Member – Technical), has addressed the question of whether ratification of fees and expenses payable to an Interim Resolution Professional (IRP) must be express and recorded formally, or it can be implied from the conduct and…
The Ministry of Corporate Affairs (MCA) issued Notification No. F. No. 30/03/2016-Insolvency dated 7 July 2025, appointing Dr. Anju Rathi Rana, Law Secretary, as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI). This appointment has been made under Section 189(1)(c) of the Insolvency andBankruptcy Code (IBC), 2016. Dr. Rana will now…
Video game composer Peter Connelly has been jailed after fraudulently obtaining a second Covid Bounce Back Loan for his company Connelly, known for his work on Tomb Raider, inflated his company’s turnover during the first few months of the pandemic in 2020 Insolvency Service investigations have also resulted in the 52-year-old being banned as a…
The Capital Markets Board (CMB) has released updated lists detailing the status of cryptocurrency platforms operating in the Turkish market, following the June 30 deadline for license applications. This update comes as more companies have been added to the liquidation list, bringing the total number of companies applying for liquidation to 45. Notable among these…
Updated Jul 18, 2025 23:53 IST Reliance Infrastructure Insolvency Stayed: In a regulatory filing on Friday, Reliance Infrastructure said that NCLAT has stayed an NCLT order over an appeal filed by it. In a regulatory filing on Friday, Reliance Infrastructure said that NCLAT has stayed an NCLT order over an appeal filed by it. Earlier…
The company is selling its remaining inventory to pay off millions in debt, court papers said. (Sheila R. McCann |The Salt Lake Tribune) Signs in the windows of the Sundance Catalog Outlet in Salt Lake City advertise the company’s closing sale. The going-out-of-business sign apparently is up at Sundance Living, the apparel and household decor…
Loch Lomond Seaplanes cancelled all its flights and issued a message on its website in April to confirm it had ceased trading. A pop-up message on the website, which is still available, states: “Please be advised that Loch Lomond Seaplanes has ceased trading. If you have tickets or a flight booked then someone will be in touch…
NCLAT Stays Insolvency Proceedings Against Reliance Infrastructure NDTV Profit Read the original article here