NCLT Admits Corporate Insolvency Proceedings Against Navi Mumbai-Based Firm On Bank Of India’s ₹117.50 Crore Plea

NCLT has admitted insolvency proceedings against Supreme Engineering Limited on Bank of India’s petition over an alleged ₹117.50 crore default | Representational Image Mumbai, June 27: The National Company Law Tribunal (NCLT) has admitted a Corporate Insolvency Resolution Process (CIRP) against Navi Mumbai-based Supreme Engineering Limited. The order was passed on a petition filed by…

Shape Construction $3.5m debt, enforcement not economic

When the maths beats the case When Christchurch modular builder Shape Construction went into voluntary liquidation, the final tally was grim. The April 2026 liquidator’s report recorded $3.5 million owed to creditors, with only about $50,000 recouped through asset sales, at least six partially built homes scattered across the country, and a $267,000 unpaid tax…

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UK salon collapses into liquidation – family business since 2018 | UK | News

The Cardiff-based family haircare business has entered creditors’ voluntary liquidation (Image: Getty) A British family-run hair salon and professional beauty brand founded by three generations of hairdressers has entered liquidation. The Hair Movement Ltd, which operates a flagship salon and co-working space in Cardiff alongside its professional haircare range, has called a meeting of creditors…

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