NCLT admits insolvency plea against Theme Developers in petition filed by Indiacrete Ready Mix

The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency resolution process (CIRP) petition filed by Indiacrete Ready Mix Pvt. Ltd. against Theme Developers Pvt. Ltd. under provisions of the Insolvency and Bankruptcy Code (IBC), initiating formal insolvency proceedings against the real estate company. Advertisement According to the tribunal order, the…

Is GMO Internet Group (TSE:9449) Using Subsidiary Liquidations To Quietly Refocus Its Core Strategy?

On 15 May 2026, GMO Internet Group’s board resolved to dissolve GMO-Z.com Trust Company, Inc., a consolidated subsidiary, and begin liquidation in line with local regulations. This move highlights management’s willingness to reshape the group’s structure by exiting non-core operations that may no longer fit its broader ambitions. We’ll now examine how the decision to…

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