The Chennai Bench of National Company Law Appellate Tribunal ( NCLAT ) upheld the e-auction process, prioritizing the sale of the Corporate Debtor ( CD ), as a going concern over a Scheme of Arrangement proposed under Section 230 of the Companies Act, 2013. Narottamka Trade, appellant, a minority shareholder in M/s. Kamachi Industries (…

Star Entertainment’s Hong Kong investors are in Queensland to discuss the future of the casino giant’s new Brisbane precinct as chief executive Steve McCann attempts to save the business from collapse.

Among the options being assessed by Star and the investors – Chow Tai Fook Enterprises and Far East Consortium – include the sale of more of the ASX-listed company’s stake in the Queen’s Wharf development.

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KAIJU! Beer has become the first independent Australian brewery to enter into voluntary administration in 2025, marking the continuation of a worrying trend that saw more than 20 craft breweries enter into either voluntary administration or liquidation in 2024.

KAIJU!’s directors made the decision after determining voluntary administration as the best option to counter growing accumulated debt. The decision was made in spite of the fact the business is currently turning a profit.

“The current circumstances required us to make a tough but necessary decision,” said Callum Reeves, KAIJU! CEO and Co-founder and Chair of the Independent Brewers Association.

“While the business is now trading profitably, this step allows us to…

The National Company Law Tribunal (NCLT) ordered the liquidation of budget carrier Go First Airways on Monday. The airline had first filed a plea seeking admission to the Corporate Insolvency Resolution Process (CIRP) under IBC in May 2023. The NCLT had admitted the application a few days later, and appointed a Resolution Professional (RP). 

“Liquidation is ordered,” said a bench of NCLT comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan allowing the liquidation application filed by the Committee of Creditors (CoC) of the airline, as per a report by Bar and Bench. 

A detailed copy of the order is awaited, as per the report. 

The airline’s lessors had appealed to the National Company Law…

Feeling overwhelmed by debt or unsure how to navigate the fast-paced world of financial advice online? We’ve got you covered! This episode features Debt Relief Advocate Natalia Brown from National Debt Relief, who shares practical tips to climb out of financial trouble and steer clear of predatory practices.

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Here’s what you’ll learn:

• Tackling Debt: Natalia Brown’s strategies for overcoming financial stress and avoiding common traps.
• Crypto Caution: Why…

The National Company Law Tribunal (NCLT) on Monday (20 January) ordered the liquidation of budget airline Go First Airways. The decision followed an application filed by the airline’s Committee of Creditors (CoC), marking the end of a protracted insolvency process.

A bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan delivered the order.

Go First initially filed a voluntary plea for insolvency under Section 10 of the Insolvency and Bankruptcy Code (IBC) on 2 May 2023. The NCLT admitted the application on 10 May 2023, appointing a Resolution Professional (RP) to manage the airline’s operations.

Subsequent disputes arose as the airline’s lessors challenged the retention of their assets under the…

Following a request from the airline’s Committee of Creditors (CoC), the National Company Law Tribunal (NCLT) ordered Go First Airways to be liquidated, according to a story published on Monday by Bar and Bench.

“Liquidation is ordered,” the NCLT panel, which is composed of Technical Member Dr. Sanjeev Ranjan and Judicial Member Mahendra Khandelwal, confirmed the ruling.

On May 2, 2023, Go First voluntarily submitted an application to be admitted to the Corporate Insolvency Resolution Process (CIRP) in accordance with Section 10 of the Insolvency and Bankruptcy Code (IBC). On May 10, the NCLT accepted the plea and designated a Resolution Professional (RP) to oversee the airline’s activities.

After this, the lessors of the…