winding up proceedings Archives

AIAC Asia ADR Week 2026 CIPAA adjudication

AIAC Asia ADR Week 2026: Panel examines Malaysia’s CIPAA adjudication framework, enforcement hurdles and payment recovery

In a panel discussion conducted at the AIAC ADR Week 2026 on the topic “The Cash Flow Continuum: Navigating Malaysia’s Evolving Adjudication Framework”, the panellists delved into the operation of the Construction Industry Payment and Adjudication Act in Malaysia, appointment and role of adjudicators, procedural efficiency, use of AI, applications for stay and setting aside, and much more.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Protection of minority shareholder rights | NCLT lays down structured buy-out mechanism to resolve deadlock between shareholders

The NCLT gave the first right to buy shares to the petitioners and then the Deccan Group. If neither party purchased the other’s shares, the NCLT would consider winding up the company under Section 242(1)(b) of the Companies Act.

Case Briefs High Courts

‘Proceedings still at a nascent stage’; Delhi High Court transfers case for winding up of company to NCLT

The Delhi High Court said that the winding up proceedings which have not progressed to an advanced stage before the High Courts, ought to be transferred to the NCLT.