Insolvency Guardian Media Centre
The National Company Law Tribunal (NCLT), Chandigarh Bench of Justice Harnam Singh Thakur, (Judicial Member) and Sh. Shishir Agarwal (Technical Member) has held that the claim of an allottee cannot be rejected solely on the ground of being a speculative investor. An allottee does not cease to be a financial creditor merely because they qualify as a speculative investor.
The present application has been filed under section 60(5) read with section 21 of the Insolvency and Bankruptcy Code, 2016 (IBC) to exclude the Respondents from the Committee of Creditors (CoC) as they are not financial creditors or allottees but business/services providers and speculative investors.
The Applicant submitted that the Respondent no(s) 2…
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ASIC targets credit “repairers” after customers left bankrupt Herald Sun
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Personal insolvencies up as inflation bites The Australian
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The Insolvency and Bankruptcy Code, 2016 (IBC) provides a market mechanism for reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. It is one of the deepest economic reforms of India in the recent years.
The Insolvency and Bankruptcy Board of India (IBBI) is a key pillar of the ecosystem responsible for implementation of the IBC. It is responsible for development and regulation of insolvency professionals and other service providers. It regulates various processes, namely, corporate insolvency …
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Pakistan’s Deputy Prime Minister Ishaq Dar made a bold pitch at the United Nations, warning that only 35% of the global Sustainable Development Goals (SDGs) are on track, and the rest are sinking under the weight of debt, climate disasters, and inequality. At the High-Level Political Forum on Sustainable Development in New York, Dar urged for deep reform of the global financial system, calling for concessional financing, meaningful debt relief, and urgent climate funds to bridge a staggering $4 trillion SDG funding gap. With Pakistan reeling from economic strain and deadly monsoons, Dar said his country is aiming for 60% renewable energy by 2030 and has undertaken fiscal reforms. His speech echoed the new Compromiso de Seville global…
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MH Joinery at Unit 11 of Colley Lane industrial estate officially passed a special resolution on 10 July, 2025 to be wound up voluntarily.
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It follows speculation about the future of the timber product company, with reports that long-standing employees were suddenly made redundant in early June 2025.
MH Joinery specialised in the manufacture of timber sliding sash windows, casements, external door sets and staircases. It was described on its website as a “reputable” company.
But documents recently submitted to…
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Aston Conservation & Building Ltd was put into voluntary liquidation earlier this month by company director Antony Page-Smith, 57.
The family-run Didcot-based business, founded in 2017, is described as a “well-established trusted name” across Oxfordshire and West Berkshire on its website.
It specialises in building work with a focus on extensions, renovations and refurbishments, particularly older and listed properties, the website adds.
Glyn Mummery and Emma Priest, of business restructuring specialists FRP Advisory, were appointed as joint liquidators for the Aston Conservation and Building.
READ MORE: Images show shocking state of Grade I listed historic landmark
Statement of affairs submitted by…
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In another blow to embattled edtech giant Byju’s, the Supreme Court has declined to allow the withdrawal of insolvency proceedings against the company, despite a proposed settlement with the Board of Control for Cricket in India (BCCI).
The cricket board, which had filed for insolvency over unpaid sponsorship dues of Rs 158 crore, sought to withdraw the petition after reaching a settlement with Byju’s and receiving assurances of payment from Riju Raveendran, a promoter of the company. Raveendran also petitioned the court, urging a halt to the process in light of the proposed deal.
However, the Supreme Court upheld earlier rulings by the National Company Law Tribunal and the appellate tribunal, which had rejected the withdrawal…
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Martine Mcutcheon ‘declared bankrupt’ just months after heartbreaking split from husband MSN
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SC dismisses appeals of BCCI, BYJU’S promoters against NCLAT order in insolvency withdrawal case Big News Network.com
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New Delhi: The Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT) order rejecting the appeals filed by the Board of Control for Cricket in India (BCCI) and Byju’s co-founder Riju Raveendran seeking withdrawal of insolvency proceedings initiated against the embattled edtech company.
A bench comprising Justices J B Pardiwala and R Mahadevan dismissed the joint appeals challenging the April 17 decision of the Chennai bench of NCLAT, which had affirmed the order passed by the National Company Law Tribunal (NCLT) in Bengaluru. The NCLT had on February 10 directed that the settlement proposal submitted by BCCI and Raveendran be placed before the newly constituted Committee of Creditors (CoC) of Byju’s…
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McWilliam’s Wines’ Hanwood Estate vineyard
Tim Mableson is an expert in deal advisory and restructuring, and is the national leader in agriculture and wine sectors for KPMG Australia. He has worked as a voluntary administrator for numerous high-profile wine businesses such as McWilliams Wines, Fox Creek and Salena Estates. Here, he patiently explains the intricacies of voluntary administration to journalist Meg Riley. This article does not seek to provide financial instruction or advice, but merely aims to demystify the process of calling in administrators—what does it mean, what are the possible outcomes, when should you make the call?
Business ownership is a tough gig, whether wine industry or otherwise. With the family…