The National Company Law Tribunal (NCLT), Chennai Bench, on April 2, 2026, dismissed an application filed by DBS Bank (formerly Lakshmi Vilas Bank).This order, made available on April 10, 2026, concerned claims for lease rent during the Corporate Insolvency Resolution Process (CIRP). Reader Takeaway: NCLT clarity on CIRP lease claims; company confirms zero financial impact.…
Dog Training College, which had offices at Broadland Business Park in Norwich, says it is now operating under a company called K9-WW Limited. The company was incorporated at the end of February and is registered at an address on the island in the Irish Sea, according to filings on the Isle of Man Companies Registry.…
Reliance Communications Assets Face Confirmed PMLA Attachments Amid Ongoing Insolvency TipRanks Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
A British airline has collapsed into liquidation following a reported attempt to raise £20million. Scottish firm Ecojet Airlines had been heralded as the world’s first all-electric airline, established in 2023 by entrepreneur Dale Vince, a prominent Labour donor and owner of Forest Green Rovers football club. The airline harboured ambitious plans for long-haul flights and…
Access Denied You don’t have permission to access “http://www.business-standard.com/industry/news/nclat-backs-project-specific-insolvency-proceedings-against-realty-firms-126041200211_1.html” on this server. Reference #18.8f58d617.1775976295.341c0979 https://errors.edgesuite.net/18.8f58d617.1775976295.341c0979 Read the original article here
The Insolvency and Bankruptcy Code (Amendment) Act, 2026 marks a significant evolution in India’s insolvency framework, promising faster resolutions and improved efficiency. But a key question remains: do these changes meaningfully benefit debtors and smaller stakeholders such as MSMEs, suppliers, and employees? According to Saloni Kothari, Partner and Group General Counsel at BDO India, the answer is nuanced. The amendments do offer…
Project-Level Insolvency Mandated The National Company Law Appellate Tribunal (NCLAT) has ruled that insolvency proceedings initiated by homebuyers against real estate firms must be strictly confined to the specific project where a financial default has occurred. This tribunal’s clarification prevents a single project’s distress from triggering legal action against an entire corporate group’s unrelated assets.…
The National Company Law Appellate Tribunal (NCLAT) has ruled that insolvency proceedings initiated by homebuyers against realty firms should be confined to the specific project in default. This decision aims to protect the interests of homebuyers and stakeholders involved in unrelated projects who might otherwise be adversely affected. The judgment was delivered in an…
Baron Infotech Limited Concludes 22nd Committee of Creditors Meeting with Resolution Plan Review scanx.trade Read the original article here