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In a recent decision, the Principal Bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi held that the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) is not maintainable if the corporate guarantee expressly caps the liability below the statutory threshold of ₹1…
AMPH Stock (-24%): Q4 Earnings Miss Sparks Aggressive Liquidation Trefis Read the original article here
Financial planning software provider, CCUBE Integrated Wealth has appointed DVT Group as its voluntary administrators as a result of COVID-19 and lack of revenue to make up the start up’s expenses. Speaking to Money Management, DVT Group’s administrator and senior adviser, Mark Robinson said the group was appointed by the directors of CCUBE on 1…
Sydney-based car buying platform Carconnect has entered Voluntary Administration, appointing Jonathon Colbran and Brett Lord from RSM Australia Partners as Joint and Several Voluntary Administrators on 26 February 2026. Founded in the early 2000s, Carconnect was one of the first online platforms in the Australian market connecting consumers with dealers. It sought to simplify and…
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The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by JSW Infrastructure Limited for the acquisition of NCR Rail Infrastructure Limited (formerly Arshiya Rail Infrastructure Limited). The order, pronounced on Thursday, paves the way for the corporate debtor to be revived as a going concern. The resolution plan,…
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a Section 9 insolvency plea against Baggit India Private Limited, initiating the corporate insolvency resolution process (CIRP) over an alleged operational debt of ₹1.11 crore. The petition was filed by Sunrise Global Tradelinks, a proprietary concern engaged in sourcing and supplying raw materials…
1. Main messages for England and Wales After seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,035 in February 2025, 3% higher than in January 2025 (1,978) but 7% lower than the same month in the previous year (2,188 in February 2024). Company insolvencies over the past year have been…