New Delhi: Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT order that had directed clubbing of the two cases. Passing a final order, the NCLAT said creditors of VIL and VOVL had…
Ending NRI businessman’s 8-yr legal battle, CBI court sets record straight—PMLA cases can’t survive alone ThePrint Read the original article here
Canterbury aluminium fittings company goes into liquidation owing $2.5m The Press Read the original article here
Monthly construction insolvencies rise 14% Construction News Read the original article here
In News Follow this topic
When Annie Benjamin invested $99,000 in an annuity 10 years ago, she trusted the insurance company to provide her with retirement income. She also relied on the company’s regulator to ensure the insurer could meet its obligations. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Benjamin’s trust in…
Going against the Mauritian Court of Civil Appeal, the UK’s Privy Council has held that the Mauritius Supreme Court has the power to authorise a person other than the liquidator to bring or continue legal proceedings in the name of the company in liquidation. In a novel case with little precedent in Mauritius, the Privy…
Quadrant Televentures to announce audited results on May 30 scanx.trade Read the original article here
Michelle Elliot – Restructuring advisory partner at FRP Company insolvencies in Scotland rose by 6% year-on-year in April 2026, with 107 cases registered compared with the same month in 2025. The figure was made up of 53 creditors’ voluntary liquidations (CVLs), 49 compulsory liquidations and five administrations. There were no company voluntary arrangements (CVAs) or…
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), New Delhi, has upheld the exclusion of Videocon Industries’ foreign oil and gas assets from its Corporate Insolvency Resolution Process (CIRP). The appellate tribunal sided with the State Bank of India (SBI) and the Committee of Creditors (CoC), affirming that the lenders’ commercial wisdom…