Arbitral Award vs CIRP Moratorium: NCLT Chandigarh Ruling

Liquidation

The intersection of arbitration law and insolvency legislation has consistently presented complex jurisdictional and substantive challenges for Indian courts and tribunals. The National Company Law Tribunal, Chandigarh Bench, recently delivered a significant ruling in Parvinder Singh (Resolution Professional) v. Neel-Rattan Enterprises Private Limited and Others, IA(IBC)/713(CH)/2023 in CP(IB) No. 62/Chd/Pb/2019, decided on 21 April 2026,…

Elme Communities Provides Update On Liquidation Activities

Liquidation

Company has sold five of its properties in 2026 and entered into purchase and sale agreements covering four of its remaining five properties  Continues to target completing all remaining sales by mid-year 2026 with delisting and dissolution targeted for third quarter 2026 Updates range of total estimated liquidating distributions to $16.74 – $17.02 per share…

Sustainable UK sofa manufacturer enters liquidation

Liquidation

A British sofa manufacturer has entered liquidation, marking another setback for the UK furniture industry as manufacturers continue to face mounting operational and market pressures. © Tanasin Srijaroensirikul | Dreamstime According to public filings, the Derbyshire-linked company, Habbio Home Limited, appointed liquidators…

“Suspension of 37 Stores Is a Liquidation Scenario”… Homeplus Joint Committee Protests

Liquidation

Fears of Mass Unemployment Becoming Reality Calls for UAMCO Involvement and Public Fund Support Additional Hunger Strike Announced from May 14 Homeplus, which is currently under court receivership, has temporarily suspended operations at 37 stores from May 10 in an effort to minimize sales declines amid a liquidity crisis. In response, the Joint Countermeasure Committee—comprising…