Liability Of Corporate Debtor Not Discharged By Release Of Guarantors’ Liability If Bank Preserves Right To Proceed Under IBC: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member), Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that the liability of the Corporate Debtor is not discharged merely because the guarantors were released from their liabilities by the Bank after One time…

Govt Cannot Maintain Attachment Of Property To Press For Recovery Outside Liquidation Framework: NCLAT Chennai

The National Company Law Appellate Tribunal, Chennai Bench, comprising Justice Sharad Kumar Sharma (Member – Judicial) and Jatindranath Swain (Member – Technical), has addressed the conflict between a secured creditor’s statutory attachment under the Tamil Nadu Revenue Act, 1864, and the liquidation process under the IBC, 2016. The tribunal held that the government’s attachment of…

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Bankrupt Can File Application For Discharge After One Year, If Bankruptcy Trustee Fails To Do So: NCLAT New Delhi

The National Company Law Appellate Tribunal, Delhi held that when the Bankruptcy Trustee does not fulfil its statutory obligation under Section 138(1)(a) of the Insolvency and Bankruptcy Code, 2016, which requires the Trustee to apply for a discharge order after expiry of one year from the bankruptcy commencement date, the Bankrupt who is directly affected…

Print Dimensions buys some of Dayfold’s trade and assets

Southampton-based print and signage firm Print Dimensions bought some of luxury print and packaging specialist Dayfold’s trade and assets after it went into liquidation, according to the company’s liquidators. According to Companies House, the listed directors of Print Dimensions are Daniel Rowdon and Ian Shenton, the latter appointed on 30 May 2025. Shenton is also…

Shock as Liverpool PR agency goes into liquidation

One of Liverpool’s longest-established PR and marketing agencies has gone into liquidation. Moore Media was founded in 2012 by award-winning entrepreneur Jayne Moore, specialising in waterfront regeneration, growth strategy, reputation management, crisis management, and integrating social value within ESG strategies. Last year the company employed 12 people but Moore said the integrated PR and marketing…