Home/Corporate Laws/NCLT admits Insolvency plea over ₹5.94 Cr Debt, Finds ₹1.44 Cr Default above Statutory Threshold [Read Order] Corporate LawsLaw Report NCLT admitted CIRP after finding genuine debt, ₹1.44 crore default, complete petition, and no ineligibility. Headnote⁂ NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH Citation 2026 TAXSCAN (NCLT) 295 Case No. CP(IB)/111(CHE)/2024 Court National Company Law…
The Supreme Court has held that the absence of an express forfeiture provision in the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 is not decisive where the e-auction notice specifically permits forfeiture upon failure to pay the balance sale consideration. The Court accordingly upheld the forfeiture of ₹6.39 crore, comprising the Earnest…
TV Vision holds 19th AGM under insolvency process scanx.trade Read the original article here
The Insolvency Service, a government agency, has released a statement on Unimetals after the business went into liquidation last year with repercussions still being felt today. A spokesperson for the Insolvency Service said: “Unimetals Recycling (UK) Ltd was wound up in the High Court on 25 November 2025, with the Official Receiver appointed liquidator. “All…
Company behind South Canterbury construction and concrete business traded while insolvent thepress.co.nz Read the original article here
The Insolvency Service, a government agency, has released a statement on Unimetals after the business went into liquidation last year with repercussions still being felt today. A spokesperson for the Insolvency Service said: “Unimetals Recycling (UK) Ltd was wound up in the High Court on 25 November 2025, with the Official Receiver appointed liquidator. “All…
Investors in collapsed e-commerce startup Copia Kenya are unlikely to recover anything as the company heads into liquidation after its assets were found to be insufficient to meet its liabilities. “As of March this year, Copia’s realisable assets stood at Sh206.6 million, while its liabilities “substantially exceed that amount,” according to court filings by the…
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
The Insolvency Service has set out a five-year plan to help financially troubled businesses seek advice sooner and to pursue directors who use company failures to evade debts. The UK Insolvency Service has today launched a new five-year strategy built around earlier intervention for people and businesses in financial difficulty, quicker returns of money and…
NCLAT continues interim stay on Hi-Tech Gears insolvency process scanx.trade Read the original article here