In the case, the liquidators failed to include claims beyond insolvent trading in an initial demand, which was sent to the insurer within the insurance policy’s period of coverage. A broader range of director, common law and fiduciary breaches, submitted by the liquidator’s former legal representatives to the insurer outside the policy’s coverage, was…
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New Delhi: Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in Noida. The National Company Law Tribunal (NCLT) on February 17 allowed withdrawal of the insolvency petition following a request from IDBI Trusteeship,…
A popular global beer brand is reportedly facing liquidation, according to The Street. BrewDog has reportedly brought in restructuring advisers AlixPartners to explore options, which include a possible sale or breakup of the business entirely, following its equity sale to individuals under its “Equity for Punks” program. The program previously offered shares with discounts such…
A respected London architectural firm is set to close after being served a winding up order. Claridge Architects Limited, known for its high-end residential and commercial design work, is on the brink of collapse after creditors applied to force the company into compulsory liquidation. The firm, which trades from premises in central London and boasts…
Appellate tribunal NCLAT has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has arrived at a settlement with its financial creditor. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) took on record the Settlement between Mahagun (India) and IDBI Trusteeship dated February 12, 2026. An application was moved…
The banks are listed on the stock exchange and have attracted substantial retail investment. 18 February, 2026, 10:30 pm Last modified: 19 February, 2026, 01:05 am Infographics: TBS “> Infographics: TBS The Bangladesh Securities and Exchange Commission has formally urged the government to safeguard the interests of general investors as the financial sector undergoes a…
NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement ET Realty Read the original article here