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A two-member NCLAT bench has upheld the earlier orders of the Mumbai-bench of the National Company Law Tribunal (NCLT), which had on May 27, 2025 rejected the petition on the grounds of a pre-existing dispute.

NCLAT upheld the findings of NCLT, saying it “has committed no mistake” in finding that the email chain between appellant Air Wave Technocrafts and Voltas “reflects ongoing disputes” regarding work certification,…

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SINGAPORE – OCBC has filed a winding-up application against consumer electronics trader TT International, whose debts are being restructured under a scheme of arrangement.

The company owes OCBC at least $21.7 million, according to a bourse filing by TT International on Nov 20. Of this sum, $21.5 million is in unsecured debt and around $294,000 is in secured debt.

Under the terms of the scheme of arrangement which it has with its creditors, no creditor shall take any steps to wind up the company until the new scheme is terminated, said TT International.

It added: “The new scheme has not been terminated. OCBC is a creditor of the company and is subject to the terms of the new scheme.”

TT International previously held a majority stake…

The Israeli company behind a pro-Qatari influence campaign devised by close aides to Israeli Prime Minister Benjamin Netanyahu – Israel Einhorn and Yonatan Urich – is shutting down, Haaretz has learned. The company, Koios, which worked to improve the Gulf nation’s image ahead of the 2022 FIFA World Cup, filed a request for voluntary liquidation and the appointment of liquidation trustees.

TipRanks Black Friday Sale

Imperium Crown Limited ( (SG:5HT) ) has provided an announcement.

Imperium Crown Limited, currently in creditors’ voluntary liquidation, has released its monthly financial update for October 2025. The company reported net liabilities of S$3,506, with cash and cash equivalents remaining at S$1,000. The update also includes information on the proposed sale of its assets in China, although specific details on this were not provided.

More about Imperium Crown Limited

Average Trading Volume: 1,000,400

Technical Sentiment Signal: Sell

Current Market Cap: S$5.52M

See more data about 5HT stock on TipRanks’ Stock Analysis page.

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Introduction 

The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a reasoned and unequivocal order dismissing six belated claim applications filed by former employees of Indo Global Soft Solutions and Technologies Pvt. Ltd.¹ during the Corporate Insolvency Resolution Process (CIRP). The Tribunal’s analysis reinforces the principle that the IBC’s timelines are not procedural formalities but binding mandates integral to the resolution framework. By examining the extensive delay, the applicants’ conduct, and the statutory scheme governing claim submission, the decision highlights that claims raised long after the CoC’s approval of a resolution plan cannot be entertained especially when doing so would derail a…

This valuable experience and insight made us ideal partners in a Scottish Government funded project aimed at working collaboratively with councils to tackle CT debt. The project, which was rolled out nationally in May, seeks to help prevent and alleviate the impact of CT debt, while equally helping councils in the collection of the CT revenue. 

We’re at the halfway stage of this project, and I’m delighted to share some of the excellent progress we’ve made. 

It’s been heartening to see so many joint activities between local CABs and their councils. Developing referral processes, establishing adviser points of contact, holding reciprocal adviser sessions so CAB and council advisers can learn from each other, while…

The UAE has taken a landmark step to lift a heavy burden off its citizens, clearing debts exceeding AED 475 million for 1,435 Emiratis. This initiative provides crucial financial relief, allowing families to regain stability, focus on their wellbeing, and plan for the future without the constant strain of unpaid loans. By easing such significant financial pressures, the program highlights the leadership’s commitment to practical support that strengthens both families and the wider community. The Defaulted Debts Settlement Fund has worked closely with 19 banks and financial institutions to implement the debt waiver, marking one of the…