Category Archives: Liquidation

What the IBBI’s 2025 CIRP Amendments Mean for Stakeholders

Introduction The Insolvency and Bankruptcy Board of India’s latest modification to the Corporate Insolvency Resolution Process (CIRP) framework marks a significant regulatory pivot toward transparency, accountability, and legal certainty. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Seventh Amendment) Regulations, 2025, sharpen the focus on beneficial ownership disclosures and calibrate…

REVEALED: Latest business liquidations in Logan – The Courier Mail

REVEALED: Latest business liquidations in Logan  The Courier Mail Read the original article here

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Award-winning builder goes under owing millions

CREDITORS of the Bentleigh East based building firm, Langford Jones Homes, have been advised by the liquidator, RSM Australia Partners, that the firm entered into external administration on July 1, 2022. A resolution, to go into voluntary… Published July 05, 2022 …

Kerala HC Rules NCLT’s Rejection of Resolution Plan Appealable Under Section 61 of IBC [Read Order]

The Kerala High Court held that an order passed by the National Company Law Tribunal (NCLT) rejecting a resolution plan is appealable under Section 61 ofthe Insolvency and Bankruptcy Code, 2016 (IBC), and that the availability of such a statutory remedy bars the invocation of writ jurisdiction. The dispute arose when MMS Steel & Power…

[Section 138 NI Act] Dishonour Due to ‘Account Blocked’ After Liquidation Does Not Constitute Offence: Delhi High Court

The Delhi High Court has quashed criminal proceedings initiated under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) against the former directors of a private limited company. The Court held that dishonour of cheques with the remark “ACCOUNT BLOCKED” due to ongoing insolvency and liquidation proceedings does not constitute an offence under Section…

NCLAT rejects insolvency plea against Jumbo Finvest, upheld NCLT order

New Delhi: Appellate tribunal NCLAT has rejected Equitas Small Finance Bank‘s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest, observing that it is a Financial Service Provider within the meaning of…

NCLAT Rulings of 2025 (Part 2 )

Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT Anita Goyal vs Vistra ITCL (India) Ltd. & Anr CITATION : 2025 TAXSCAN (NCLAT) 141 The National Company Law Appellate Tribunal ( NCLAT ) bench in New Delhi has ruled that, even in cases where…