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…
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…
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Border trucking company goes under over $300,000 debt owed to fuel supplier The Border Mail Read the original article here
On Wednesday July 30, Joey Kellock’s Thornbury restaurant 1800 Lasagne entered administration. But, for now, it remains open as usual. “While we have entered into voluntary administration to restructure the company, we are excited and positive about the future,” the team said in a statement in response to Broadsheet‘s request for comment. “This process is…
Australia’s most acid-tongued food critic gloats after restaurant that blacklisted him collapses MSN Read the original article here