Liquidators appointed as Scottish company collapses

Documents at Companies House show that a provisional liquidator was appointed, in a winding-up by the court, to Dog Consultancy last month. The Herald revealed that Duncan Raggett and David McGinness of accountancy firm and restructuring specialist AAB have been appointed joint provisional liquidators. AAB said: “The joint provisional liquidators’ investigations into the company are…

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IRP Not Bound To Rely On Entity-Level Loan Documents In Project-Specific Insolvency: NCLT Bengaluru

The National Company Law Tribunal (NCLT) at Bengaluru has held that an Interim Resolution Professional may partially admit a financial creditor’s claim where insolvency is confined to a single real estate project, and is not bound to mechanically accept entity-level loan claims. A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada,…

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