Bhart Bhushan, the former taxi driver who built one of western Sydney’s largest home builders, spent this week trying to keep his empire alive, days from a deadline that could tip Bathla Group from administration into liquidation. Property giant Bathla Group faces collapse within days without urgent funding to cover its 3.2 billion Australian dollar…
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Leading Labels, founded in 1993, is a long-running clothing retailer that draws shoppers with major brands at outlet prices. It stocks discounted fashion items from big-name brands, including Calvin Klein, Wrangler, and Joules. At its peak, Leading Labels ran around 30 stores with more than 200 employees. Leading Labels falls into liquidation Leading Labels is…
The Bedford Road Premier Foreways store in Carlisle, part of a chain across the city, was the only authorised FedEx parcel drop-off location in the city before it closed permanently. The Bedford Road store appears to have already been taken off the FedEx location finder. FedEx points in North Cumbria and Scotland, following the liquidation…
By: Benjamin Nii Nai Anyetei The State Interests and Governance Authority (SIGA) has proposed the liquidation of the Ghana Railway Company Limited (GRCL) and the absorption of its employees into the Ghana Railway Development Authority (GRDA) as part of a major restructuring of Ghana’s railway sector. The proposal is contained in SIGA’s 2025 State Ownership…
Embassy Developments Limited has announced an update regarding the Corporate Insolvency Resolution Process. Canara Bank has filed an appeal with the Hon’ble Supreme Court of India against a previous order dated May 4, 2026, which favored the company. The matter is scheduled for a hearing on September 24, 2026. No interim orders or stays have…
The NCLT has halted a proposed plan to settle ₹22,006 crore in claims against Subhash Chandra with a payment of just ₹6.25 crore. The tribunal has ordered a fresh hearing due to a split verdict among its members and issued an order barring the Zee Group founder from selling his assets. This development marks a…
‘Gutted’: Christchurch gym in liquidation amid $500k debt and ‘legally hopeless’ court battle The Press Read the original article here
India Today spoke to legal experts to get an insight into the various legal issues and ramifications on Insolvency Law in India. Also Read: ‘My borrowing is ₹0’: Subhash Chandra explains ₹22,000 crore personal guarantee controversy Why a five-member bench? NCLT normally functions through two-member benches. Section 419(5) of the Companies Act, 2013 provides a mechanism…