The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that when a default occurs beyond outer limit of Section 10A of Insolvency and Bankruptcy Code 2016 (‘IBC’), a fresh insolvency application can be filed under Section 7 of the Code. Gangadhar A. Kotian, Suspended Director of Bombay Rayon Clothing Ltd…
Dartbrook coal mine enters administration Mining Weekly Read the original article here
The National Company Law Tribunal, Ahmedabad bench of Mr. Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), held that related party status as per the Insolvency & Bankruptcy Code must be determined on the date of commencement of Insolvency Proceedings and not based on historical roles. Background Facts: The Corporate Debtor, Sebacic…
Bellingen Golf Club (NSW) goes into administration Golf Industry Central Read the original article here
Designerex Rescued from Administration Power Retail Read the original article here
Irish owners refused licensing for Butlers Chocolate Café NZ thepost.co.nz Read the original article here
Christchurch decorating company in liquidation owing $2.6 million The Press Read the original article here
A Christchurch-based painting and maintenance company has gone into liquidation, with debts totalling more than $2.6 million. Phil Clarke & Son Limited was placed into liquidation on 8 July 2025 following a special resolution by the company’s shareholder and director Daniel Clarke. The appointed liquidator is Brenton Hunt of Insolvency Matters Limited. According to the…
This disclaimer (“Disclaimer”) is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News…
The company owes millions of dollars to disties and unpaid superannuation to Mwave employees. Esel sold Mwave to DigiDirect Group, prior to the company going under, and one distributor requested new administrators during the first creditors meeting, according to new documents. CRN Australia has obtained a copy of minutes of the meeting held by ASIC…