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According to a regulatory filing made by Embassy Developments on Monday, the appellate tribunal set aside an order from the National Company Law Tribunal (NCLT) that had admitted the corporate insolvency resolution process against the company on December 9, 2025, on a plea by Canara Bank that the company was liable as a corporate guarantor…
Origin Materials Calls It Quits: Board Opts for Full Liquidation AD HOC NEWS Read the original article here
IBC Section 10A cited as NCLAT sets aside NCLT insolvency order against Embassy Development Goodreturns Read the original article here
NCLAT sets aside NCLT order against Embassy Development over Canara Bank plea. Insolvency proceedings halted due to IBC Section 10A. New Delhi, May 4 (PTI) Appellate tribunal NCLAT has set aside an NCLT order that allowed insolvency proceedings against realty firm Embassy Development. The Delhi bench of the National Company Law Tribunal (NCLT), in December…
A major food company in Dubai is set to be placed into provisional liquidation, according to reports. IFFCO Group is said to have debts of nearly £1.5 billion and made little progress in restructuring talks amid disputes among key shareholders and the Iran war. The conflict, which began in late February, and the continued disruption…
A UK agricultural company has plunged into liquidation after only being in business for four years. Founded in 2022, it is the end of the road for the company after shareholders decided to wind up the business. Beacon International Trading Limited, which is based in Des Roches Square in Witney, Oxfordshire, entered administration on April…
Dubai’s Largest Food Company IFFCO Enters Provisional Liquidation AASTOCKS.com Read the original article here
New Delhi The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Vedanta in connection with the ongoing insolvency proceedings of Jaiprakash Associates Limited (JAL), bringing closure to a prolonged legal contest over the resolution process. While pronouncing its judgment, the appellate tribunal observed that it did not find…