The judgment, following a successful termination of the external administration and delivered in a costs dispute, examined the conduct of administrators overseeing a sporting club. The Federal Court found that delays in convening a creditors’ meeting forced stakeholders to seek court intervention, an outcome the court ultimately deemed unnecessary. Hannah Griffiths, an expert in…
Venugopal Dhoot challenges order upholding separate insolvency for Videocon Industries & Videocon Oil Ventures in Supreme Court. New Delhi, May 21 (PTI) Videocon founder Venugopal Dhoot has moved the Supreme Court against a National Company Law Appellate Tribunal order upholding separate insolvency proceedings for two group entities â Videocon Industries Ltd and Videocon Oil Ventures…
Dalmia Bharat Ltd will acquire the cement assets of Jaiprakash Associates Ltd (JAL) for more than Rs 2,500 crore, sources said, as the Adani Group moves to carve up and integrate key businesses of the infrastructure conglomerate following its acquisition under the insolvency process. The proposed transaction would give Dalmia Bharat control of JAL’s 5.2…
Beloved UK farm shop collapses into liquidation – debts of £350,000 MSN Read the original article here
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New Delhi, May 21 (KNN) Corporate insolvency resolutions through the National Company Law Tribunal (NCLT) slumped to a 13-quarter low in the January–March 2026 period, with only 36 cases resolved — a sharp decline from 70 in the same quarter a year ago. The figure marks the worst March quarter for insolvency resolution since January–March…
The National Company Law Tribunal (NCLT) Mumbai Bench has admitted a Corporate Insolvency Resolution Process (CIRP) plea filed by Bank of India against Distribution Logistics Infrastructure Private Limited holding that a financial creditor cannot be compelled to await conclusion of consortium led One Time Settlement (OTS) negotiations once debt and default stand established. The Financial…
A group of large-scale sugar growers is looking to save Tongaat Hulett, with the iconic company set for a liquidation hearing less than one month away. Tongaat’s history dates back to 1892, and it grew into one of the nation’s primary sugar producers, supporting thousands of jobs in KwaZulu-Natal. Despite its significant history, the company…
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To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…