Category Archives: Liquidation

IBBI Issues Fourth Amendment to Insolvency Rules, Enhancing Creditor Role and Cost Oversight [Read Order]

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency Resolution Process for Corporate Persons (Fourth Amendment) Regulations, 2026, introducing important changes aimed at strengthening creditor participation and tightening control over insolvency costs. Under the amendment, the composition of the Committee of Creditors (CoC) has been revised to include the 18 largest unrelated…

Aksh Optifibre Enters Corporate Insolvency Resolution, Invites Creditor Claims – TipRanks

Aksh Optifibre Enters Corporate Insolvency Resolution, Invites Creditor Claims  TipRanks Read the original article here

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Going Concern Sale Does Not Transfer Subsidiaries Outside Liquidation Estate: NCLAT

The National Company Law Appellate Tribunal (NCLAT) in Chennai has recently held that a purchaser of a corporate debtor sold as a going concern in liquidation cannot claim rights over its subsidiaries, joint ventures, or associate entities merely because they belong to the same corporate group. The tribunal ruled that such assets fall outside the…

NCLAT stays Kallam Textiles insolvency process pending restructuring review – scanx.trade

NCLAT stays Kallam Textiles insolvency process pending restructuring review  scanx.trade Read the original article here

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REVEALED: Latest business liquidations in Scenic Rim – The Courier Mail

REVEALED: Latest business liquidations in Scenic Rim  The Courier Mail Read the original article here

Vas Infrastructure CIRP Update: 25th Creditors Meeting Set for June 22, 2026

Vas Infrastructure Ltd announced its 25th Committee of Creditors meeting on June 22, 2026. The company remains under Corporate Insolvency Resolution Process (CIRP), indicating ongoing financial restructuring and potential risks for shareholders. Vas Infrastructure Limited has scheduled its 25th Committee of Creditors (CoC) meeting for June 22, 2026, as the company continues under the Corporate…

REVEALED: Latest business liquidations in Armadale – Daily Telegraph Sydney

REVEALED: Latest business liquidations in Armadale  Daily Telegraph Sydney Read the original article here