Introduction

The Insolvency and Bankruptcy Board of India’s latest modification to the Corporate Insolvency Resolution Process (CIRP) framework marks a significant regulatory pivot toward transparency, accountability, and legal certainty. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Seventh Amendment) Regulations, 2025, sharpen the focus on beneficial ownership disclosures and calibrate the interface between eligibility for statutory immunities and the approval of resolution plans. In doing so, this IBBI amendment aims to address persistent challenges arising from layered ownership structures, offshore entities, and the need for informed creditor decision-making during CIRP.

Mumbai: India’s appellate insolvency tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside an earlier order of the National Company Law Tribunal (NCLT) that rejected an insolvency petition filed by Culver Max Entertainment, formerly known as Sony Pictures Networks India.

In its ruling, the appellate tribunal remanded the matter back to the NCLT’s Cuttack bench, directing it to hear the case afresh after giving the broadcaster an opportunity to rectify procedural deficiencies in its application.

The NCLAT, in an order dated December 10, 2025, said the exercise should preferably be completed within two months.

NCLAT flags procedural lapse by NCLT

A two-member NCLAT bench comprising Justice Yogesh Khanna…

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Money has a way of complicating even the most well-intentioned relationships.

What started as help through a tough time slowly shifted into discomfort for one Reddit user who accepted financial assistance from her boyfriend during a health crisis.

“About 8 months ago I (29F) had a pretty bad health scare that turned into months of appointments, tests, and a treatment plan that my insurance only half covered,” she wrote in a post.

“I was working but I’d…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

CREDITORS of the Bentleigh East based building firm, Langford Jones Homes, have been advised by the liquidator, RSM Australia Partners, that the firm entered into external administration on July 1, 2022. A resolution, to go into voluntary…