In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code. The decision will have ramifications in the telecommunications sector, where telecom firms such as Aircel Group of Companies have invoked a moratorium…
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The Corporate Insolvency Crisis Continues JCT Limited remains firmly entrenched in the Corporate Insolvency Resolution Process (CIRP), a stark indicator of its profound financial distress. The Ninth Committee of Creditors (CoC) meeting, held on February 10, 2026, underscored the extended timeline required to find a viable resolution. CoC Decisions: Path Forward? The CoC members have…
First Brands Mulls Placing Some Units Into Chapter 7 Liquidation Bloomberg Read the original article here
The Financial Deep Dive Vivimed Labs Limited has officially filed an application for the initiation of a Pre-pack Insolvency Resolution Process (PPIRP) with the NCLT Bengaluru Bench on February 12, 2026. This move signifies a critical juncture for the company, directly stemming from its severe financial distress. As of January 31, 2026, Vivimed Labs reported…
Supreme Court of India in New Delhi. File | Photo Credit: The Hindu The Supreme Court on Friday (February 13, 2026) laid down that telecom service providers (TSPs) do not own spectrum, a precious and finite public resource meant to be used for the common good of all, and cannot include it among their pool…
Spectrum is not a corporate asset; Telecom firms cannot restructure dues under IBC, rules Supreme Court The Statesman Read the original article here
Nelson paint and panel shop goes into liquidation owing $440k The Press Read the original article here
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