Category Archives: Liquidation

NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]

https://www.taxscan.in/tags/national-company-law-tribunal The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, upheld the National Company Law Tribunal (NCLT) order directing contribution to the assets of a corporate debtor after finding that a share transaction with a related party was carried out with the intent to defraud creditors. The appeal arose from proceedings under…

NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]

The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved a resolution plan, bringing the corporate insolvency resolution process to a close after it received unanimous approval from the committee of creditors. The order relates to Latakisan Construction Private Limited, in respect of which an application was filed by the Resolution Professional seeking…

RBI Reports ₹4 Lakh Crore Realised Under IBC by September 2025, ETRealty

MUMBAI: Creditors have realised Rs 4 lakh crore under the resolution plans initiated under the Insolvency and Bankruptcy Code till September 30, 2025, according to a Reserve Bank report on Wednesday. Since the provisions relating to the corporate insolvency resolution process came into force in December 2016, a total of 8,659 CIRPs have been initiated…

van Eyk administrator recommends liquidation

van Eyk’s administrator has recommended winding up the research house, ahead of a meeting tomorrow to determine the company’s fate. A month after being appointed administrator for the troubled research house, Trent Hancock, of Moore Stephens Corporate Recovery, said in a report to creditors it would be in the best interests of creditors to wind…

Luxury caravan manufacturer Zone RV collapses into administration

A major caravan manufacturer has collapsed into administration, leaving hundreds of customers and employees in limbo weeks before Christmas. Zone RV makes luxury off-road vans out of its base in Coolum, on Queensland’s Sunshine Coast. Employees arriving at work on Monday morning were told the news and sent home. The ABC understands about 250 staff…

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Creditors realised Rs 4 lakh crore under IBC till Sept, says RBI report

Mumbai: Creditors have realised nearly Rs 4 lakh crore under resolution plans implemented through the Insolvency and Bankruptcy Code (IBC) up to September 30, 2025, according to the Reserve Bank of India’s Financial Stability Report released on Wednesday. Since the corporate insolvency resolution process (CIRP) came into effect in December 2016, a total of 8,659…

Creditors realised Rs 4 lakh crore under IBC till September: RBI report – MSN

Creditors realised Rs 4 lakh crore under IBC till September: RBI report  MSN Read the original article here

Carborundum Universal Completes Voluntary Liquidation of Czech Republic Subsidiary – scanx.trade

Carborundum Universal Completes Voluntary Liquidation of Czech Republic Subsidiary  scanx.trade Read the original article here