Category Archives: Liquidation

NCLT Orders Homebuyer to Refund ₹1 Cr Recovered Under RERA, Restricts Claim to ₹68.25 Lakh Amidst Developer’s CIRP [Read Order]

In a recent ruling, the National Company Law Tribunal (NCLT) Allahabad Bench has directed a homebuyer to return ₹1 crore previously recovered through Uttar Pradesh Real Estate Regulatory Authority (UP RERA) proceedings after noting that the developer was undergoing Corporate Insolvency Resolution Process (CIRP). The Tribunal also restricted the admitted claim to ₹68.25 lakh. The…

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Family-run Scottish engineering firm in liquidation after 50 years as sale falls through

Redmill Fabrication Limited, based at the Whitehill Industrial Estate in Bathgate, will cease trading after almost 50 years after its owners decided to retire following the unsuccessful sale of the business, as first reported by The Herald . According to recent filings to Companies House, the directors of the firm agreed a resolution “that the…

INSOLVENCY NOTICES: Winding Up Petitions – March 2026 – Credit Connect

INSOLVENCY NOTICES: Winding Up Petitions – March 2026  Credit Connect Read the original article here

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Prestige Estates Plans ₹4,200 Cr Gurugram Project Via Insolvency Land Deal

Prestige Estates Projects is expanding significantly in the National Capital Region (NCR) with a major project in Gurugram. The company has entered a joint development agreement for a 17.21-acre site in Sector 92, aiming for a Gross Development Value (GDV) of ₹4,200 crore. This large-scale venture involves an asset that recently underwent insolvency proceedings, presenting…

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Alka India Board Backs 6:1 Bonus Issue to Meet Public Shareholding Rules

Key Details of the Bonus Issue Alka India Limited’s Board of Directors has proposed a 6:1 bonus equity share issue. This means public shareholders will receive six new shares, each with a face value of Re. 1/-, for every single existing equity share they hold. The company has fixed May 8, 2026, as the record…

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