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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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NCLAT Halts Bankruptcy Process for Embassy Developments Limited scanx.trade Read the original article here
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…
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…
British beauty brand Mallows Beauty has entered into liquidation, reportedly owing £1.9m to 57 creditors. The brand, known for its range of vegan skin and body care products, filed for liquidation on 27 November 2025, with Bethan Evans and John Cullen of Menzies LLP appointed as joining liquidators on 5 December. Mallows Beauty…
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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…
REVEALED: Latest business liquidations in Hume Herald Sun Read the original article here