May 22, 2026 According to the latest data from the German Federal Statistical Office (Destatis), consumer insolvencies in Germany rose slightly in February 2026 compared to the same month a year earlier. Consumer Insolvencies Up 0.6 Percent In February 2026, the number of consumer insolvencies increased by 0.6 percent relative to February 2025. Earlier figures…
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The National Company Law Tribunal (NCLT) Kolkata Bench has admitted a Section 7 insolvency application filed by Bank of India against Sunbeam Dealers Private Limited, holding that a Recovery Certificate issued by the Debt Recovery Tribunal (DRT) constitutes a fresh cause of action and extends the limitation period for initiation of CorporateInsolvency Resolution Process (CIRP).…
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The National Company Law Appellate Tribunal (NCLAT) New Delhi Bench has ruled that mortgaging property to facilitate a loan transaction without actual disbursal of money to the corporate debtor cannot be treated as a financial debt under the Insolvency and Bankruptcy Code, 2016 (IBC). The Tribunal rejected the appellant’s plea seeking recognition as a financial…
The Constitutional Court has partly ruled in favour of mining company Centaur. Nicolene Olckers/Gallo Images Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once. Read the…
NEW DELHI: Dalmia Bharat Ltd will acquire the cement assets of Jaiprakash Associates Ltd (JAL) for more than Rs 2,500 crore, sources said, as the Adani Group moves to carve up and integrate key businesses of the infrastructure conglomerate following its acquisition under the insolvency process. The proposed transaction would give Dalmia Bharat control of…
Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources ThePrint Read the original article here
Personal guarantee enforcement and corporate insolvency resolution continues to generate significant judicial discourse under the Insolvency and Bankruptcy Code, 2016. A recent pronouncement by the National Company Law Appellate Tribunal, Principal Bench, New Delhi, in Amit Bhatnagar v. UCO Bank and Ors., Comp. App. (AT) (Ins) No. 2038 of 2024 and Comp. App. (AT) (Ins)…
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