NCLT Mumbai In Kaved Realty Case

The National Company Law Tribunal (NCLT)at Mumbai has held, in a case concerning Kaved Realty Private Limited, that mutation of land records giving effect to a revenue order cannot be carried out after commencement of insolvency proceedings, as such action violates the moratorium under the Insolvency Code. A bench of Judicial Member Sushil Mahadeorao Kochey…

AkzoNobel Subsidiary In Kenya Enters Liquidatation

A subsidiary of Dutch multinational paints and coatings giant AkzoNobel N.V. has entered liquidation. In a Gazette notice published under the Insolvency Act, Harveen Gadhoke of Adili Associates LLP was appointed liquidator of Akzo Nobel Kenya Limited on December 2, 2025, following a shareholders’ resolution. The appointment was formally gazetted on December 3, 2025.  “NOTICE…

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Only Genuine Pre-Existing Disputes Can Bar CIRP Under IBC – The Legal Affair

Introduction: In M/s. Saraswati Wire and Cable Industries v. Mohammad Moinuddin Khan and Others, the Supreme Court of India delivered a significant ruling that further strengthens the integrity, objectivity, and speed of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The controversy emerged when the Operational Creditor, Saraswati Wire…

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