Delhi HC Refuses to Assume Territorial Jurisdiction in case against IBBI, Notes Underlying CIRP is before NCLT Bengaluru [Read Order]

The Delhi High Court recently dismissed a writ petition, noting that it cannot invoke territorial jurisdiction to hear a matter against the Insolvency and Bankruptcy Board of India (IBBI) merely due to the fact that the IBBI had its presence in Delhi when the underlying Corporate Insolvency Resolution Process (CIRP) which formed the basis for…

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Interior design firm Unique Fabrics in liquidation

Unique Fabrics has gone into liquidation. File picture. Photo: 123RF Well-known interior design firm Unique Fabrics has gone into liquidation, the latest in a large number of businesses to fold. It was revealed by Centrix on Wednesday that liquidation numbers remain stubbornly high, even as other credit measures improve. Hospitality liquidations were up 45 percent,…

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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…