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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Major Finance Company ordered to wind up by CBSL

The Central Bank of Sri Lanka (CBSL) has cancelled the finance business licence of Nation Lanka Finance PLC with effect from July 3, 2026, and will proceed with winding up the company under the Banking (Special Provisions) Act, No. 17 of 2023. CBSL said it had placed the company under administration on July 4, 2025,…

SA energy company falls into administration – News

South Australian renewable energy company Zen Energy has sold its infrastructure assets and appointed administrators, with employees being informed around midday today. The company was a major supplier of renewable energy across the state, with solar farms in Tailem Bend and Renmark and the Waterloo wind farm in the Mid North. McGrathNicol Restructuring partners Rob…

Pending Winding‑Up Transfer No Bar to CIRP: NCLT Admits Prudent ARC Insolvency Petition Against Super Property [Read Order]

The National Company Law Tribunal, Principal Bench (New Delhi), has admitted a Section 7 petition filed by the petitioner against the corporate debtor, holding that the pendency of winding‑up proceedings transferred from the Delhi High Court poses no bar to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Super Property Maintenance, corporate debtor, engaged in real‑estate and property‑maintenance services, had availed multiple credit…