New Delhi, Feb 26: The Supreme Court on Thursday said that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings are maintainable against both a principal debtor and its corporate guarantor for the same debt. A bench comprising justices Dipankar Datta and Augustine George Masih held that there is no statutory bar under the Insolvency and Bankruptcy…
Gujarat National Law University(GNLU) established under the Gujarat National Law University Act, 2003 by the Government of Gujarat, is a premier statutory university dedicated to excellence in legal education, research, and training. GNLU offers a comprehensive range of interdisciplinary programmes across five integrated undergraduate law degrees — B.A. LL.B., B.Com. LL.B., B.Sc. LL.B., B.S.W., LL.B.,…
The Indian insolvency and bankruptcy framework continues to evolve with strategic regulatory interventions aimed at enhancing the efficacy and transparency of corporate debt resolution mechanisms. The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2026, on February 25, 2026, through…
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It had dozens of employees according to its most recent accounts Midland Skip Hire Limited, which had traded from Bottesford near Bingham, has been placed into liquidation(Image: Google) Staff have been made redundant as a decades-old Nottinghamshire firm enters liquidation. Midland Skip Hire Limited, which had traded from Bottesford near Bingham, has been placed into…
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1. More than 11,000 companies, which appeared as “British” on paper but were primarily linked to China, were incorporated or administered by three corporate secretarial firms—Yunma Tianlong International Consulting Co. Ltd., Busy Secretary Service Ltd., and J&C Business (UK) Co. Ltd. These firms were later ordered into compulsory liquidation by the UK High Court on…
Ekapa Mine in Kimberley has applied for liquidation after being unable to meet its financial obligations following the mud rush that trapped five workers a week ago. After more than a week of rescue efforts and no signs of life, the workers have been presumed dead. The operation has now officially shifted from a rescue…
Union Dismay Over Ekapa Mining Liquidation Crisis Discovery Alert Read the original article here