The Hi-Tech Gears corporate insolvency process remains on hold until ₹50 crore NCLAT hearing in September · Business Upturn

The Hi-Tech Gears Limited has announced a continuation of the interim stay on its Corporate Insolvency Resolution Process (CIRP) as per the directive from the National Company Law Appellate Tribunal (NCLAT). This development follows an earlier order dated April 20, 2026, and the next hearing for the case has been rescheduled due to time constraints.…

Dharan Infra-EPC Ltd Faces SEBI Probe Over Non-Cooperation

Dharan Infra-EPC Ltd, undergoing insolvency, faces SEBI scrutiny. Suspended management and auditor are not providing requested information, complicating the investigation. Dharan Infra-EPC Ltd is currently operating under Corporate Insolvency Resolution Process (CIRP).Dharan Infra-EPC Ltd faces a significant regulatory hurdle as the Securities and Exchange Board of India (SEBI) investigates. The company’s Interim Resolution Professional (IRP)…

Seoul Court Pilots Korean Version of Chapter 11 Restructuring

Seoul Bankruptcy Court. Reporter Oh Seung-hyun The Seoul Bankruptcy Court is pushing to change a long-standing practice of appointing an examiner in virtually every case once corporate rehabilitation proceedings begin. Under the plan, in some cases an examiner would not be appointed first; instead, the debtor and creditors would negotiate a rehabilitation plan themselves. The…

Gangotri Textiles Ltd admitted into Corporate Insolvency Resolution Process by NCLT

Gangotri Textiles Ltd has been admitted into Corporate Insolvency Resolution Process (CIRP) by the NCLT, Chennai. The Board of Directors is suspended, and an Interim Resolution Professional (IRP) now manages the company. This marks a significant governance shift for shareholders. Gangotri Textiles Ltd’s board of directors has been suspended and the company admitted into the…