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NCLT has directed for the liquidation of debt-ridden Tulip Hotels, as the tribunal failed to receive any bidder during its
By Emlyn Cameron · January 16, 2025, 3:20 PM EST Montoux, a New Zealand-based provider of actuarial software, has hired lawyers
On May 16, 2023, the NCLT had directed the initiation of a Corporate Insolvency Resolution Process (CIRP) against Tulip Hotels
Data breaches and ransomware attacks in the US are increasing companies’ risk of financial losses, in many cases dragging them
Data breaches and ransomware attacks in the US are increasing companies’ risk of financial losses, in many cases dragging them
A builder who used company funds to pay for his high-performance car and stole almost £90,000 in plant machinery has
Despite the drop year on year, the number of insolvencies was far higher than most of the last decade, and
Tulip Hotels is heading towards liquidation after the National Company Law Tribunal (NCLT) directed this course of action. The
The tribunal held that an appeal under section 61 of the IBC cannot be entertained after the dissolution of the
The Tribunal held that the CoC, in its commercial wisdom, had not accepted the resolution plan and had directed the
Inflation may be easing but Australians are still acutely feeling the effects of higher prices, with a substantial increase in