The National Company Law Appellate Tribunal (NCLAT) has formally closed the Corporate Insolvency Resolution Process (CIRP) of Grand Reality Pvt. Ltd., after confirming that the construction of the real estate project was completed and possession handed over to all homebuyers. The case reflects a rare but growing judicial trend where tribunals step in to ensure…
Date published: 30 July 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company with a registered activity of retail sale of beverages in specialised stores. The undertaking was received for ten years from Ian Terry Mayhew (45) of Laragh Park, Bangor, in respect of his…
Bowen Coking Coal collapses into administration Mining Weekly Read the original article here
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The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order that had directed ICICI Bank to return ₹8.92 lakh received in a loan account after commencement of CIRP. The Tribunal ruled that since the payment was not made by the corporate debtor but by an individual co-applicant, the moratorium under Section 14…
The National Company Law Appellate Tribunal (NCLAT) recently dismissed an appeal filed by a suspended director who challenged the initiation of the Corporate Insolvency Resolution Process (CIRP) on grounds of procedural impropriety and alleged suppression of facts. The appeal was filed by Sushil Jejani, a suspended director of Nova Steels (India) Ltd., challenging the order…
Forklifts sit motionless at the once‑bustling Corona‑College Heights Orange & Lemon Association packing house in Riverside County. After 125 harvest seasons, the grower cooperative —one of California’s oldest continuous produce brands— has filed Chapter 7 liquidation, spelling a hard goodbye for a food company that packed oranges, lemons and grapefruit nonstop, year‑round. From horse‑drawn wagons to…
The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal filed by Mr. Rakesh Verma, the suspended director of a company under liquidation, reaffirming that once a company enters the liquidation stage under the Insolvency and Bankruptcy Code (IBC), individual objections from suspended directors, especially those not rooted in legal merit, cannot delay or derail…
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