Mothercare plc (MTC) to Receive £0.8 Million Dividend from UK Liquidation Amid Ongoing Solvency Concerns

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Arbitral Award Gives Fresh Cause of Action for CIRP: NCLT Rejects Limitation Plea, Admits ₹70.7 Cr Default [Read Order]

The National Company Law Tribunal (NCLT), Mumbai Bench has admitted the CIRP application made by Abhyudaya Co-Operative Bank Ltd against A. Navinchandra Steels Private Limited and rejected the Corporate Debtor’s contention that the filing of the corporate insolvency case was time-barred. The Bench comprising Nilesh Sharma (Judicial Member) and Sameer Kakar, (Technical Member) observed that…

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