Supreme Court: Registered Sale Deed Carries Strong Presumption of Genuineness  ||  SC: Registry Cannot Intrude Into Judiciary’s Exclusive Domain By Questioning Why a Party is Impleaded  ||  Calcutta HC: Third-Party Suits in a Deity’s Name are Allowed Only When The Sebait Loses Authority  ||  Madras HC: Encroachment on a Public Street Cannot be Allowed Even If It Has a Religious Character  ||  Karnataka HC: Bike Taxi Business Protected under Article 19(1)(G); State Can Regulate But Not Ban  ||  Allahabad HC: Not Specifying Arrest Grounds in Memo is Dereliction; Erring Cops Must be Suspended  ||  Del. HC Stresses Mandatory Legal Assistance to Preserve Fairness and Integrity of Criminal Trials  ||  Supreme Court: Delhi High Court Ruling upheld on Taekwondo National Sports Federation Recognition  ||  SC: Blockchain-Based Digitisation of Land Records Necessary to Reduce Property Document Litigation  ||  Supreme Court to NCLT : Limit Power to Decide Intellectual Property Title Disputes under IBC    

NCLT Gives Approval to Liquidate S Kumars - (24 Jun 2019)

INSOLVENCY

National Company Law Tribunal (NCLT) has cleared a proposal to liquidate S Kumars after its lenders failed to receive any viable revival plan for the textile company. This is the second Nitin Kasliwal-promoted firm to go into liquidation. In February, the Mumbai bench of the National Company Law Tribunal had ordered the liquidation of apparel maker Reid & Taylor India.

Tags : NCLT   S KUMARS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved