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In a ruling that re-aligns the tension between social-security statutes and insolvency law, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that contributions collected by an employer for the Employees’ State Insurance Corporation (ESIC) never become the property of the corporate debtor and must be ring-fenced from the liquidation estate. The judgment, delivered on 24 September 2025 in Company Appeal (AT)(Ins) No. 301 of 2024, upsets an order passed by the Ahmedabad bench of NCLT on 28 November 2023 and directs that Rs 1,20,80,940/- of ESI dues be kept out of the distributable pool available to other creditors of Gupta Dyeing & Printing Mills Pvt. Ltd., a company now in liquidation.
Facts…
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REVEALED: Latest business liquidations in Vincent dailytelegraph.com.au
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Facebook App: Open links in External Browser
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Facebook App: Open links in External Browser
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REVEALED: Latest business liquidations in Armadale dailytelegraph.com.au
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Tourism leaders in Cornwall have said it is “devastating” news that Visit Cornwall is going into voluntary liquidation.
On Thursday a spokesperson for Visit Cornwall said the decision was due to “insurmountable financial problems” and liquidation was “the only responsible choice”.
Sue Jewell, chair of the South East Cornwall Tourism Association, said the loss of Visit Cornwall would “leave such a hole” in the industry.
Sarah Preece, Cornwall Council’s portfolio holder for tourism, localism and planning, said the council thanked Visit Cornwall for the work it had done but it would have been “irresponsible” to use “public money” to save it.
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Among the reasons cited in the filings, creditors such as companies from the Equatorial Energia Group—operating in the states of Rio Grande do Sul, Amapá, and Alagoas—allege that Oi violated the terms of the restructuring plan approved in April 2024.
“The recovering company [Oi] has defaulted on the installment due on June 25, 2025, owed to the creditors Companhia de Eletricidade do Amapá (CEA) and Equatorial Alagoas Distribuidora de Energia S.A., as well as on the payment due to Companhia Estadual de Energia Elétrica (CEEE-D) on July 11, 2025,” attorneys for Equatorial said in a court filing dated July 30.
A similar complaint was made by Concourse Telecomunicações Brasil in a petition submitted on August 11 to…
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REVEALED: Liquidator appointments for businesses in the Sorell council area for October 3 The Mercury


