NCLAT on Regulation 39(1)(b): Bar on Late Resolution Applicants

Introduction The sanctity of timelines in corporate insolvency proceedings has once again been affirmed by the National Company Law Appellate Tribunal in a ruling that highlights the mandatory nature of procedural compliance under the Insolvency and Bankruptcy Code, 2016. In Ram Prasad Agarwala v. Bijay Murmuria (Resolution Professional) and Others, decided on 29th April 2026,…

Embassy Developments shares rallied 20% today; here’s why

Embassy Developments Ltd, erstwhile Equinox India Developments and earlier Indiabulls Real Estate Ltd, saw its shares rallying 20 per cent in Wednesday’s trade, as the Corporate Insolvency Resolution Process (CIRP) against the company under the Insolvency and Bankruptcy Code, 2016 (IBC), has been quashed. All consequential directions arising from the NCLT order stand terminated, Embassy…

Valued Fife business Puddledub goes into liquidation

Puddledub Pork and Fifeshire Bacon Company Limited, collectively known as Puddledub, appointed joint liquidators on April 15, 2026, following a winding-up petition earlier in the year. Based in west Fife, the Mitchell family business has traded since 1905, operating from Clentrie Farm and drawing on generations of farming heritage in the area stretching back more…

No Cookies | Daily Telegraph

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

After NCLAT relief, Adani moves SC with caveat against possible Vedanta appeal in Jaypee insolvency case

New Delhi [India], May 6 (ANI): AdEnterprises has filed a caveat before the Supreme Court, anticipating a challenge by Vedanta against the National Company Law Appellate Tribunal’s (NCLAT) verdict upholding Adani Group’s resolution plan for debt-ridden Jaiprakash Associates Ltd (JAL). A caveat is an application filed before a court by a party requesting that no…