NCLAT Overturns Polycab’s Insolvency Case, Restores Board Autonomy, ETLegalWorld

The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings initiated against Polycab India Limited over an alleged operational debt of Rs 2.78 crore, directing that the company be released from the Corporate Insolvency Resolution Process (CIRP) and allowed to function independently through its board of directors with immediate effect. A three-member…

NCLT Admits Insolvency Petition Against Mumbai Company Over ₹1,376 Crore Default

The Mumbai NCLT bench has initiated the Corporate Insolvency Resolution Process against Sevantilal Fakirchand and Company following its Section 10 application | Representative Image Mumbai, October 30, 2026: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Sevantilal Fakirchand and Company Pvt Ltd, initiating the Corporate Insolvency…

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Crafter’s Companion: Story of Dragon Den’s Sara Davies’ company amid liquidation

From a County Durham village to the Dragons’ Den boardroom, the liquidation of Sara Davies’ Crafter’s Companion has marked a sad development for one of the North East’s most recognisable business figures. The crafting company, formerly based in Newton Aycliffe, which became a recognisable name among the North East’s most successful businesses, announced this month…