On 8 June 2026, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2026 to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. All you need to know about the amendment: A…
British aero sensor start-up Body Rocket is selling off its assets and heading towards liquidation, its founder has said. The company, established in 2018 as the world’s first real-time aerodynamic direct drag force measurement system, is currently seeking offers for everything from its trademarks and patents to the furniture in its office in Brighton. Body…
The National Company Law Tribunal (NCLT), Allahabad Bench, has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation (NMRC), citing “genuine” pre-existing disputes over service quality, contractual obligations, and payment deductions. ETSL had sought initiation of a Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency…
Friday, 12 June 2026 12:34 Eastbourne Pier remains fully open for business and is proceeding “full steam ahead” into its summer season despite the compulsory liquidation of its operating company, Lions Pier Limited. Eastbourne Pier remains fully open for business and is proceeding “full steam ahead” into its summer season despite the compulsory liquidation of…
NDIS labour hire provider United Foundation enters administration citing registration changes and rising costs MSN Read the original article here
And investigations into what was claimed to be a deficient audit of the company by BDO were ongoing. Creditors had gathered to hear an update of the progress being made by the joint liquidators against the company, which had been known as RG Falla until just before it went into liquidation in March 2023. Leonard…
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NCLT dismisses Empire Transport’s insolvency plea against Noida Metro Rail Corporation, citing genuine pre-existing disputes over service quality and contractual obligations. New Delhi, Jun 12 (PTI) The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between the parties…
Thank you for reading this post, don’t forget to subscribe! The Mumbai Bench of the NCLT admitted SBI’s application seeking personal insolvency proceedings against Reliance Group Chairman Anil Ambani. The Tribunal appointed a Resolution Professional and directed issuance of a public notice inviting creditor claims, marking a major development in the insolvency process. The Mumbai…
The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between the parties over service quality, contractual obligations and payment deductions. The Allahabad Bench of NCLT rejected ETSL’s plea seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Noida…