NCLT Kochi Admits Kotak Mahindra Bank’s Insolvency Petition Against Inditrade Business Consultants BW Legal World Read the original article here
Australian spirits producer Top Shelf International (TSI) has entered voluntary administration almost a year after shares were suspended. Top Shelf released Act of Treason, made with agave grown in Australia, in January 2024 Rob Smith and Matthew Hutton, partners of McGrathNicol, have been appointed joint administrators of TSI. Melbourne-based TSI produces Australian agave spirit Act…
The National Company Law Tribunal (NCLT) Kochi bench admitted the insolvency petition by Kotak Mahindra Bank against Inditrade Business Consultants Limited, holding that when a financial creditor establishes the existence of financial debt and default with supporting documents, the Adjudicating Authority is bound to admit the Section 7 petition despite disputes regarding pledged collateral, particularly…
The Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG130 dated October 14, 2025, introducing the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. The new regulations took effect immediately upon publication in the Official Gazette. Main Amendments (a) Omission of Regulation 39C: The amendment…
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REVEALED: Latest business liquidations in Hume Herald Sun Read the original article here
By Susan Edmunds of RNZ GrabOne has gone into liquidation. Daniel Stoneman and Neale Jackson of Calibre Partners said on Thursday they had been appointed liquidators of Global Marketplace New Zealand, which operates GrabOne in this country. “Due to funding constraints, the business has ceased trading and the liquidators are immediately commencing a sales process…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here