Anil Ambani-led Reliance Infrastructure has received temporary relief as the National Company Law Appellate Tribunal (NCLAT), New Delhi, stayed the order initiating corporate insolvency resolution proceedings (CIRP) against the company. The tribunal passed this order on July 18. The next hearing in the matter is scheduled for August 27. In its filing to the stock…
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Financial Creditor Can’t File Same Claim Twice For Same Loan In Multiple Insolvency Proceedings Without… Live Law Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member) and Mr. Indevar Pandey (Technical Member) has held that Intervention Application under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be entertained beyond the limitation period of 3 years. The present appeal has been filed…
‘Shark Tank’ food company owners file Chapter 7 bankruptcy TheStreet Read the original article here
Sydney furniture companies collapse with $500k in undelivered orders MSN Read the original article here
Date published: 17 July 2025 The High Court has made a Disqualification Order against the directors of a company operating in the business of travel agents. The Order was made for eight years against David John Weir (53) of Whitesides Road, Randalstown, Co. Antrim and Sharmayne Louise Weir (54) of Craigahulliar Road, Portrush, Co. Antrim…
Insolvency processes are by definition resource-constrained environments, so artificial intelligence (AI) tools that enhance efficiency and reduce delay and cost (and ultimately improve creditor returns) are naturally a welcome development. The potential for efficiency gains via AI use in insolvency processes and restructurings more generally is significant. This brings with it the opportunity to address…
Insolvency Service launches new strategy to tackle economic crime Insider Media Ltd Read the original article here
Modern Citizens’ advertising division goes into liquidation Campaign Read the original article here