Operational Creditor’s Claim Filed 398 Days Beyond Liquidation Deadline Rejected: NCLT Declines to Reopen Advanced Liquidation Process [Read Order]

The National Company Law Tribunal (NCLT) has dismissed an application filed by ICP (India) Private Limited seeking admission of its operational debt claim against Southern Batteries Private Limited during liquidation, holding that a claim submitted 398 days after the prescribed deadline cannot be entertained once the liquidation process has substantially progressed. The Corporate Insolvency Resolution…

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Indigenous mining contractor Cundaline Resources pl…

Key points: – The Pilbara contracting success story was founded on the back of Fortescue’s billion-dollar Aboriginal procurement push. – Company carries the legacy of one of WA’s pioneering Indigenous earthmovers. – Members voted to wind the business up at a meeting on 30 May. Cundaline Resources, the 100 per cent Indigenous-owned Western Australian mining…