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Unimetals Recycling (UK) Ltd – winding up order made

A winding-up order has been made against Unimetals Recycling (UK) Ltd on 25 November 2025.  The Official Receiver will wind-down the company in accordance with her statutory duties. The Official Receiver will also inquire into the cause of the company’s failure and conduct of the current and former directors.  Information for employees    If you are currently in possession of company property, including motor vehicles, IT equipment or similar, please contact the Official Receiver via…

Insolvency Process Can Be Withdrawn Before Formation of CoC, NCLT Chennai Reaffirms

The National Company Law Tribunal at Chennai has recently reaffirmed that a corporate insolvency resolution process (CIRP) may be withdrawn after admission but before the Committee of Creditors (CoC) is formed, while allowing the withdrawal of insolvency proceedings against Vees Properties Limited. The tribunal relied on the Supreme Court’s ruling in Glas Trust Company LLC…