The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently dismissed an applicant’s challenge to the revival of its Corporate Insolvency Resolution Process (CIRP), noting that the Adjudicating Authority had rightly restored the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) after the corporate debtor failed…
Finance Minister introduces bill to amend the Insolvency and Bankruptcy Code in Lok Sabha. Bill referred to select committee. New Delhi, Aug 12 (PTI) Finance Minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law. After the introduction, the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was referred…
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An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: d8c84bd519cc8dbc4e0658c5298d4094, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-08-12T11:47:26.538832734+00:00 Read the original article here
– Advertisement – Struggling with insolvency, BluSmart’s valuable EV fleet and tech assets are trapped in subsidiaries, complicating creditor recovery and leaving its future uncertain. BluSmart, the electric cab firm, is grappling with a complex insolvency case that began on July 29, 2025, when the National Company Law Tribunal (NCLT) admitted a petition from a…
Melb builder forced into liquidation amid claims of defective works Herald Sun Read the original article here
Mainland developer China South City hit with liquidation order The Standard (HK) Read the original article here
Dragonboat Restaurant has been serving Cantonese cuisine on Auckland’s Elliott Street since 1994. Photo: RNZ / Yiting Lin A prominent Chinese restaurant in Auckland’s CBD was placed into liquidation last month after owing at least $1.4 million to creditors. Opened in 1994, Dragonboat Restaurant on Elliott Street served a wide range of Cantonese dishes, including…
The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP). Section 29A of the Insolvency and Bankruptcy Code (IBC) lays down the ineligibility…
The Supreme Court of India, on August 11, 2025, reserved its judgment in the ongoing legal battle surrounding JSW Steel’s resolution plan for Bhushan Power and Steel Limited (BPSL). The bench, led by the Chief Justice, heard final arguments from all parties involved in a batch of appeals stemming from the Corporate Insolvency Resolution Process…