Supreme Court upholds Shree Naman Developers’ acquisition of Bengaluru, Pune hotel under NCLT proceedings

The Supreme Court has upheld insolvency proceedings against Gstaad Hotels and Neo Capricorn Plaza, owners and operators of the JW Marriott hotel in Bengaluru and Crowne Plaza hotel in Pune, respectively, while clarifying that disputes over the precise quantum of outstanding debt cannot prevent the initiation of corporate insolvency resolution proceedings (CIRP). The insolvency process…

SkyAI Reveals Liquidation of 2 Million SOL, Leaving $223.8M

SkyAI has confirmed the liquidation of over 2 million SOL, leaving approximately $223.8 million in cash. This decision, announced on October 19, comes just four days after the company reaffirmed its commitment to its Solana digital asset treasury strategy. As a result, shareholders, particularly those represented by Bastion Trading, are demanding accountability for the abrupt…

Azets warns of continued business pressure despite fall in insolvencies

Official figures revealed that monthly insolvencies through September 2026 remained below the three-year average. Credit: izzuanroslan/Shutterstock.com. Azets has warned that UK businesses remain under significant financial pressure despite a fall in corporate insolvencies last month. The response from the business advisory group follows the release of official figures showing 1,882 corporate insolvencies in September 2026.…

NCLT Ahmedabad Orders Dissolution Of Siddhi Vinayak Logistic After Completion Of Liquidation

The National Company Law Tribunal, Ahmedabad (NCLT) on 7 October, ordered the dissolution of Siddhi Vinayak Logistic Limited after the completion of its liquidation process, holding that pending legal proceedings covered by the amended Insolvency and Bankruptcy Code (IBC) did not bar dissolution. A Bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma…