NCLAT Rulings Clarify IBC Nuances: Shareholder Rights Expanded, Liquidation Rules Tightened – Whalesbook
NCLAT Rulings Clarify IBC Nuances: Shareholder Rights Expanded, Liquidation Rules Tightened Whalesbook Read the original article here
Important orders on IBC (Dec 1 – Dec 15, 2025)
4. The NCLAT, in Securities and Exchange Board of India v. Annies Apparel Private Limited (Company Appeal (AT) (Insolvency) No. 1421 of 2024), dealt with the admissibility of a claim arising from a statutory penalty imposed after the liquidation commencement date (“LCD”). In this case, Securities and Exchange Board of India (“SEBI”) had initiated regulatory…
Oxley axes Malaysia JV as Posh Properties enters liquidation – Singapore Business Review
Oxley axes Malaysia JV as Posh Properties enters liquidation Singapore Business Review Read the original article here
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Businessman linked to $2m of debt quits NZ as latest company fails – thepress.co.nz
Businessman linked to $2m of debt quits NZ as latest company fails thepress.co.nz Read the original article here
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Creditors lose $2.3 million as liquidation of Little Island Creamery winds up
The sale of the business and related fixed assets returned $515,000. A further $138,596 was recovered through the sale of other fixed assets at auction. The liquidators said they made distributions to secured creditors totalling $341,212. This included $310,961 relating to a claim from Heartland Bank. Preferential employee wages and holiday pay of $37,852 was…