Category Archives: Liquidation

NCLT Admits CIRP Against Corporate Guarantor for Hyderabad FC Loan Default, Holds Guarantee Liability as ‘Financial Debt’ [Read Order]

In a recent ruling, the Chennai Bench of the National Company Law Tribunal (NCLT) admitted a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, initiating Corporate Insolvency Resolution Process (CIRP) against Carbyne Spartek Private Limited, the corporate guarantor for a ₹2.95 crore loan extended to Hyderabad FC’s operating entity. The petition…

REVEALED: Latest business liquidations in Whittlesea – Herald Sun

REVEALED: Latest business liquidations in Whittlesea  Herald Sun Read the original article here

‘Stolen funds’, police probe in $6.41m Vic logistics collapse – Herald Sun

‘Stolen funds’, police probe in $6.41m Vic logistics collapse  Herald Sun Read the original article here

Norwich City Council’s Lion Homes to enter liquidation

Lion Homes, which was Norwich City Council’s social and affordable housing arm, made £5 million in losses in five years, according to accounts, while homes in one development it built were sold for less than what they cost to build. The Labour-run council had to write off a £6 million loan to the company, saying…

Bilcare Limited Board Meeting Outcome: ₹3.15 Crore Preference Share Redemption – scanx.trade

Bilcare Limited Board Meeting Outcome: ₹3.15 Crore Preference Share Redemption  scanx.trade Read the original article here

IBBI pulls up and suspends registration of insolvency professional in Supertech case, finds multiple lapses

New Delhi [India], March 31 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has found multiple procedural and disclosure lapses by insolvency professional Hitesh Goel in the corporate insolvency resolution process (CIRP) of Supertech Ltd, particularly its Eco Village-II project. In an order dated March 30, 2026, the Board’s Disciplinary Committee held that Goel…

Cotton On clarifies it has no plans to exit Asia, following media reports on liquidation

The company said Cotton On Asia Pte Ltd, mentioned in a notice of liquidation, was an inactive holding company that was no longer required, and that the liquidation “has no impact on customer, team, stores, suppliers, or operations within the Asia region.” Cotton On will not be exiting Asia, the company clarified in a statement…

REVEALED: Latest business liquidations in Wyndham – Herald Sun

REVEALED: Latest business liquidations in Wyndham  Herald Sun Read the original article here

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Essex car dealership goes into liquidation with £2.3m of liabilities – Brentwood Live

Essex car dealership goes into liquidation with £2.3m of liabilities  Brentwood Live Read the original article here