Hyderabad: Industries of the Sanghi Group at Sanghinagar, Hayatnagar, were on the verge of power supply disconnection on Friday. The Telangana High Court was not inclined to intervene in the demand notices issued to the group to pay over Rs 4.21 crore in long-pending grid support charges (GSC) and interest, termed as surcharge, for the…
Insolvency in Nigeria, whether corporate or personal, functions both as a mechanism for addressing financial distress and as a strategic legal tool for creditors seeking to recover outstanding debts. Its procedures exert considerable pressure on defaulting debtors and often result in the realisation and distribution of assets for the benefit of creditors. The legal framework…
Conditional Repayment Linked to Project Completion Not Financial Debt: NCLAT upholds NCLT’s Rejection of Insolvency Petition [Read Order] Taxscan Read the original article here
UK travel insurance broker enters liquidation itij.com Read the original article here
PSV Holdings Limited will delist from the Johannesburg Stock Exchange (JSE), with the company battling business rescue and liquidation proceedings for close to six years Founded in 1998, PSV is an industrial engineering holding company that provides industrial supplies, including steel and tools, as well as specialised services, such as gas systems. The company provided…
Autagco Ltd. Monthly Update on Voluntary Liquidation of Subsidiaries – December 2025 Key Developments in the Voluntary Liquidation of Superfood Kitchen Pte. Ltd. and The Green Bar Pte. Ltd. Autagco Ltd. (“the Company”, SGX: [insert ticker]) has released its latest monthly update concerning the ongoing voluntary liquidation of two of its subsidiaries: Superfood Kitchen Pte.…
The company had dozens of employees last year The business was based at Castle Cavendish Enterprise Centre in St Peter’s Street, Radford(Image: Joseph Raynor/ Reach PLC) A Nottingham firm that had claimed to be a “leading provider” of care has fallen into liquidation. Mission2Care, a company that recruited and supplied carers to assist vulnerable individuals…
The 1st RGNUL National Corporate Liquidation Process Competition is a flagship academic initiative organised by the Insolvency and Bankruptcy Law Division (IBLD) under the Centre for Business Laws and Taxation (CBLT), Rajiv Gandhi National University of Law, Punjab. Conceived as a practice-oriented competition, it seeks to familiarise law students with the end-to-end corporate liquidation mechanism…
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has dismissed an appeal challenging the rejection of a claim seeking recognition as a financial creditor in a corporate insolvency resolution process (CIRP), holding that the appellant failed to establish any valid financial disbursement and had approached the tribunal with inconsistent and misleading…
China South City in liquidation further delays 2022/23 final dividend and keeps trading halted MSN Read the original article here