The case has been filed by Pinax Paper Mills against the demand submitted by West Bengal Electricity Distribution Company Limited (WBSEDCL). The petitioner had taken over India Pulp & Paper Private Limited under a resolution plan approved by the NCLT in December 2024, after the commencement of CIRP in July 2022. When the petitioner applied…
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The Central Government has appointed Justice (Retd) Yogesh Khanna, former Judge of the Delhi High Court and Judicial Member of the National Company Law Appellate Tribunal (NCLAT), as the officiating Chairperson of the appellate tribunal. He will head the NCLAT following the completion of the tenure of Justice (Retd) Ashok Bhushan on July 4, 2026,…
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UK students who paid thousands of pounds for summer and gap year placements on overseas conservation projects have lost everything after their eco tour operator shut down. GVI, which offered volunteer and internship placements on wildlife and marine projects across the world, was continuing to advertise trips until it went into liquidation and removed its…
Morgan Securities filed the plea under Section 7 of the IBC. It sought initiation of corporate insolvency resolution process against BPL. It also sought appointment of an interim resolution professional and declaration of moratorium. The alleged default amount was ₹13,23,70,00,924. The date of default was stated to be June 14, 2007. The dispute arose from…
Seven Hobart bars to close as owner goes into voluntary administration MSN Read the original article here
The Kochi bench of the tribunal held the petition to be an attempt to use IBC as a recovery mechanism after already pursuing arbitration, appellate remedies, and execution. “Considering the facts and circumstances of the present case, this Adjudicating Authority (NCLT) is of the view that the present proceedings are essentially an attempt to recover…
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