IBBI CIRP Fourth Amendment 2026

On 8 June 2026, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2026 to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. All you need to know about the amendment: A…

‘We simply ran out of funding’ – British aero sensor company up for sale and heading towards liquidation

British aero sensor start-up Body Rocket is selling off its assets and heading towards liquidation, its founder has said. The company, established in 2018 as the world’s first real-time aerodynamic direct drag force measurement system, is currently seeking offers for everything from its trademarks and patents to the furniture in its office in Brighton. Body…

NCLT Dismisses ETSL Insolvency Plea Against Noida Metro Over Pre-Existing Disputes

The National Company Law Tribunal (NCLT), Allahabad Bench, has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation (NMRC), citing “genuine” pre-existing disputes over service quality, contractual obligations, and payment deductions. ETSL had sought initiation of a Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency…

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NCLT Rejects Insolvency Plea Against Noida Metro Rail Corp: Rediff Moneynews

NCLT dismisses Empire Transport’s insolvency plea against Noida Metro Rail Corporation, citing genuine pre-existing disputes over service quality and contractual obligations. New Delhi, Jun 12 (PTI) The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between the parties…