Embassy Developments Limited has announced an update regarding the Corporate Insolvency Resolution Process. Canara Bank has filed an appeal with the Hon’ble Supreme Court of India against a previous order dated May 4, 2026, which favored the company. The matter is scheduled for a hearing on September 24, 2026. No interim orders or stays have…
The NCLT has halted a proposed plan to settle ₹22,006 crore in claims against Subhash Chandra with a payment of just ₹6.25 crore. The tribunal has ordered a fresh hearing due to a split verdict among its members and issued an order barring the Zee Group founder from selling his assets. This development marks a…
‘Gutted’: Christchurch gym in liquidation amid $500k debt and ‘legally hopeless’ court battle The Press Read the original article here
India Today spoke to legal experts to get an insight into the various legal issues and ramifications on Insolvency Law in India. Also Read: ‘My borrowing is ₹0’: Subhash Chandra explains ₹22,000 crore personal guarantee controversy Why a five-member bench? NCLT normally functions through two-member benches. Section 419(5) of the Companies Act, 2013 provides a mechanism…
By Rick Archer · September 1, 2026, 11:33 AM EDT A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 plan for a golf merchandise and course design company founded by legend Jack Nicklaus after hearing there was no opposition… To view the full article, register now. Read the original article here
About 3000 hospitality businesses have closed their doors in the past 12 months, new data shows. By Susan Edmunds of RNZ Credit bureau Centrix has released its latest update, which shows that while business defaults are down, company closures and liquidations are elevated. In the hospitality sector alone, 422 companies, or 1.3% of the sector,…
A Hartlepool security company has entered voluntary liquidation after building up debts of more than £80,000. Euro Security Limited, which traded as Euro Security and Euro Fire & Security, filed its statement of affairs after entering creditors’ voluntary liquidation on Wednesday, August 26, revealing debts of more than £80,000. The liquidation came less than two…
Leading Labels, founded in 1993, is a long-running clothing retailer that draws shoppers with major brands at outlet prices. It stocks discounted fashion items from big-name brands, including Calvin Klein, Wrangler, and Joules. At its peak, Leading Labels ran around 30 stores with more than 200 employees. Leading Labels falls into liquidation Leading Labels is…
Astron Paper & Board Mill Ltd is actively moving through the Corporate Insolvency Resolution Process. The Resolution Professional has unveiled a revised timeline, with the crucial deadline for submission of resolution plans set for November 16, 2026. This stage is critical as it will determine the company’s potential ownership restructuring and future survival under the…
Euro Security Limited, which traded as Euro Security and Euro Fire & Security, filed its statement of affairs after entering creditors’ voluntary liquidation on Wednesday, August 26, revealing debts of more than £80,000. The liquidation came less than two months after the company challenged plans to strike it off the Companies House register. Euro Security…