The National Company Law Tribunal (NCLT), Bengaluru Bench, on 6 August admitted Quick-commerce startup Dunzo Digital Private Limited into the Corporate Insolvency Resolution Process (CIRP). The order was passed today in response to a petition filed by Velvin Packaging Solutions Pvt. Ltd., an operational creditor, over a default of ₹2.29 crore.

The tribunal, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada, found Dunzo’s defenses against the petition to be “vague,” “an afterthought,” and unsupported by evidence. The ruling underscores the stringent standards for raising a “pre-existing dispute” under the Insolvency and Bankruptcy Code (IBC),…

Facts

The present petition was filed by the Petitioner under Section 34, Arbitration and Conciliation Act, 1996 (“ACA”) challenging the arbitral award dated 21.08.2024, passed by the three-member arbitral tribunal. The Petitioner was admitted to Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016. The Respondent filed its proof of claims…

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All 13 charges against a WA woman accused of defrauding a Wheatbelt community centre where she worked have been dropped.

In October 2023, Robyn Alix Garratt, the manager of the York Community Resource Centre (CRC), 100km east of Perth, was charged with stealing as a servant, gaining benefit by fraud and forging records from July 2019 to March 2023.

However, Ms Garratt’s charges were discontinued in the Perth Magistrates Court on March 21, 2025, a year and a half after charges were laid.  

Charges against Ms Garratt’s husband, Ashley Garratt, a former Shire of York councillor, who had been accused of benefiting from fraud and…

Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: [email protected] | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: [email protected] | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat…

Cornwall is the most southwestern region of England with the city of Truro being its administrative center. It is an important tourism destination, attracting 4.8 million overnight visitors per year who spend up to 2 billion £ per year.

However, Visit Cornwall, the official tourism board for the region, has entered voluntary liquidation after failing to overcome what it described as “insurmountable financial problems.”

The privately run body, long responsible for promoting Cornwall at home and abroad, said the decision followed a business review and organizational changes initiated in August. A spokesperson called the closure “an incredibly difficult decision” but said it was the “only…

A Manchester-based company has been shut down after investigations revealed it was acting as a front to enable unlicensed insolvency activities previously carried out by another firm.

Davis Acquisitions Ltd became the director of 78 client companies previously associated with Save Consultants Ltd, allowing directors to transfer control and avoid formal insolvency proceedings.  Websites of both companies promised directors they could ‘leave their debts behind’ and avoid ‘difficult insolvency proceedings’ by selling their companies within 48 hours. 

However, the services they were offering bypassed legitimate procedures that protect creditors and ensure proper scrutiny of director conduct. Davis Acquisitions Ltd…

Legal and insolvency experts have urged Nigeria and other African countries to strengthen their insolvency frameworks by integrating alternative dispute resolution (ADR) mechanisms, fast-tracking judicial processes, and adopting cross-border cooperation strategies to attract investment and enhance economic resilience.

Speaking at a session organised by the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), judges and insolvency specialists outlined practical recommendations to make corporate rescue more…

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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:

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…