Insolvency Guardian Media Centre
NCLAT Halts Bankruptcy Process for Embassy Developments Limited scanx.trade
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The National Company Law Tribunal (NCLT)at Mumbai has held, in a case concerning Kaved Realty Private Limited, that mutation of land records giving effect to a revenue order cannot be carried out after commencement of insolvency proceedings, as such action violates the moratorium under the Insolvency Code.
A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar, while allowing an application filed by the Resolution Professional of Kaved Realty Private Limited, observed,
“In this case CIRP commenced on 23.10.2024. The office of Respondent No.3 has made out mutation entries in the Land Revenue Records pursuant to order dated 14.10.2024 passed by Hon’ble Minister (Revenue), State of Maharashtra. The…
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A subsidiary of Dutch multinational paints and coatings giant AkzoNobel N.V. has entered liquidation.
In a Gazette notice published under the Insolvency Act, Harveen Gadhoke of Adili Associates LLP was appointed liquidator of Akzo Nobel Kenya Limited on December 2, 2025, following a shareholders’ resolution.
The appointment was formally gazetted on December 3, 2025.
“NOTICE is given that Harveen Gadhoke, of Adili Associates LLP, ALN House, Eldama Ravine Close, off Eldama Ravine Road, Westlands, Nairobi and PO Box 764-00606, Nairobi was appointed as the Liquidator of Akzo Nobel Kenya Limited, company number PVT/2016/026624, pursuant to the resolution of the shareholders made on the 2nd Day of December 2025 in accordance…
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Former Lugari Member of Parliament Cyrus Jirongo died on December 13, 2025, following a fatal road accident along the Nairobi–Nakuru highway. The once-powerful businessman was driving his Mercedes-Benz car when he collided head-on with a bus. He was 64.
Jirongo ranked among Kenya’s most influential political operatives and businessmen at his peak in the early 1990s, rising rapidly during the KANU era as chairman of Youth for KANU 1992 (YK-92).
Beyond politics, his name also became synonymous with large-scale real estate developments, high-value land holdings, and some of the most protracted property disputes in Kenya.
Jirongo’s property empire and legal battles
The politician’s wealth and political access, however,…
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Brittany Higgins is declared bankrupt after Linda Reynolds court saga MSN
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British beauty brand Mallows Beauty has entered into liquidation, reportedly owing £1.9m to 57 creditors.
The brand, known for its range of vegan skin and body care products, filed for liquidation on 27 November 2025, with Bethan Evans and John Cullen of Menzies LLP appointed as joining liquidators on 5 December.
Mallows Beauty was founded in spring 2020 by Laura Mallows and rapidly grew on social media, landing UK retail partnerships with Superdrug, Beauty Bay, Oliver Bonas and more.
At its peak, the brand achieved annual revenue of more than £5m, and received a six-figure equity investment from the Development Bank of Wales in 2024 – the third investment in the brand from the…
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Esme AshcroftGloucestershire political reporter
What happened?
While councils cannot technically go bankrupt in the same way a business can, because they still have to provide statutory services – like bin collections – for residents, a council meeting this week heard Gloucester City Council moved in to the red last year.
The authority recently found it had a financial deficit of £7m combined from both the previous and current financial year, and it no longer has any cash reserves.
The Liberal Democrat minority administration said this had been caused by a number of factors, including an over estimation of how much some…
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Fontana in Holywood’s High Street, which has now closed down
The former owner of a Co Down restaurant listed in the Michelin Guide has been listed as bankrupt in a public notice.
Colleen Bennett (65), who owned and managed Fontana in Holywood, filed a bankruptcy petition in the High Court of Justice on November 26.
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Introduction:
In M/s. Saraswati Wire and Cable Industries v. Mohammad Moinuddin Khan and Others, the Supreme Court of India delivered a significant ruling that further strengthens the integrity, objectivity, and speed of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The controversy emerged when the Operational Creditor, Saraswati Wire and Cable Industries, initiated a Section 9 application after the Corporate Debtor failed to clear outstanding dues despite multiple reminders and a statutory demand notice under Section 8. The Corporate Debtor, while earlier acknowledging its liability and even making a part-payment of ₹61 lakhs after receiving the demand notice, later…
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Brittany Higgins declared bankrupt amid Linda Reynolds court saga MSN