Space Incubatrics Technologies Ltd: CIRP Initiated by NCLT Over ₹1.19 Crore Default

AuthorVihaan Mehta|Published at:18th June 2026, 12:15 pm Space Incubatrics Technologies Ltd has had its Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT over a default of ₹1.19 crore. The company’s board powers are suspended, and a moratorium is in effect. **Status: CIRP Initiated** **NCLT Order Date: 10.06.2026** **Reader Takeaway:** Company faces insolvency proceedings; promoters…

Building control company went under with £4m of liabilities

Assent Building Compliance went into liquidation with £3.8m of liabilities, Construction News can reveal. The company, which supplied compliance, inspection, certification, training and safety services, and was formerly known as Assent Building Control, went under in November. A report from an Official Receiver, seen by CN, shows that the £3.8m total outstripped the Wakefield firm’s…

Members’ Voluntary Liquidations: A Statistical Review of MVL Practice and Outcomes Research Report March 2026

Key Findings This report presents the first large-scale empirical analysis of Members’ Voluntary Liquidation (MVL) outcomes in England and Wales. Commissioned by the Insolvency Service, through fair and open procurement, the research examines 2,309 MVL cases commenced between 2015 and 2024 across three dimensions: efficiency, effectiveness and open cases. The key findings based on the…

Tau, Parliamentary committee welcome Tongaat agreement, liquidation withdrawal

Trade, Industry and Competition Minister Parks Tau has welcomed the withdrawal of the liquidation proceedings of sugar milling company Tongaat Hulett and praises stakeholders who worked to secure a viable path forward for one of South Africa’s most important agro-industrial companies. Tongaat Hulett is a strategic asset within South Africa’s agricultural and manufacturing sectors. Its…

Minister Tau welcomes withdrawal of Tongaat Hulett liquidation

Trade, Industry and Competition Minister, Parks Tau has welcomed the withdrawal of the liquidation proceedings against Tongaat Hulett and commended all stakeholders who worked tirelessly to secure a viable path forward for one of South Africa’s most important agro-industrial companies. “The withdrawal of the liquidation application represents a significant milestone in safeguarding around 250 000…