NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]

Liquidation

The National Company Law Tribunal (NCLT) approved the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code after the National Company Law Appellate Tribunal (NCLAT) upheld its compliance with the requirements of Section 30(2), including fair asset valuation and equitable treatment of creditors. An application was filed by Mr. Jalesh Kumar Grover, Resolution…

Iconic Aussie business Spring Gully Foods collapses owing MILLIONS in ‘end of an era’ for owners

Liquidation

By OLIVIA DAY, ASSISTANT NEWS EDITOR, AUSTRALIA Published: 10:23 AEDT, 24 October 2025 | Updated: 11:11 AEDT, 24 October 2025 An Australian family-owned food business has collapsed into administration with $3.8million in debts, leaving dozens of employees in the lurch.  Spring Gully Foods, a fourth-generation food manufacturer based in South Australia, is known for its…

No Cookies | Daily Telegraph

Liquidation

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Manchester Pride goes into voluntary liquidation

Liquidation

The board of trustees for Manchester Pride, one of Europe’s biggest LGTBQ+ events has announced that it has entered voluntary liquidation. Originally reported by the Manchester Mill, the Manchester Pride organisers were hoping to secure funding from a successful bid to host Europride in 2028, but lost out to Limerick and Clare. The BBC also…

No Cookies | The Courier Mail

Liquidation

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

No Cookies | Daily Telegraph

Liquidation

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

No Cookies | Herald Sun

Liquidation

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…