March 20, 2025 - Page 2 of 9 - Insolvency Guardian

Force Majeure doesn’t absolve Corporate Debtor from contractual obligations; NCLT directs initiation of CIRP against Corporate Debtor

BankruptcyBy Editor March 20, 2025

National Company Law Tribunal, Chennai: In an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, a Division Bench of Sanjiv Jain (Judicial Member) and Venkataraman Subramaniam (Technical Member), admitted the Section 7 IBC application and initiated the…

Greater Noida West: 600 homebuyers set to receive possession under NCLT’s reverse insolvency process

BankruptcyBy Editor March 20, 2025

As many as 600 homebuyers of RG Luxury Homes, who have been waiting to get possession of their housing units in Greater Noida West since the last six years, will soon receive delivery of their apartments as the Greater Noida Authority has handed over the occupancy certificate (OC) for three more towers to the builder,…

High Court dismisses tycoon Peter Kwee’s claim over properties in bankrupt daughter’s name

BankruptcyBy Editor March 20, 2025

SINGAPORE – The High Court on March 20 dismissed a claim by motoring tycoon Peter Kwee that he is the true owner of five properties that are registered in the sole name of his daughter Karen. In a written judgment, Justice Philip Jeyaretnam accepted that Mr Kwee funded the purchase of the properties and that…

TALi Digital Partner Genius Enters Administration – ShareCafe

LiquidationBy Editor March 20, 2025

TALi Digital Partner Genius Enters Administration ShareCafe Read the original article here

Hudson's Bay shoppers scramble for striped products as company seeks liquidation – MSN

LiquidationBy Editor March 20, 2025

Hudson’s Bay shoppers scramble for striped products as company seeks liquidation MSN Read the original article here

13 Firefighters Declared Bankrupt Taken Disciplinary Action – BERNAMA

BankruptcyBy Editor March 20, 2025

13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA Read the original article here

Hassan Nawaz hit with 5.2m pounds tax penalty despite recent bankruptcy

BankruptcyBy Editor March 20, 2025

Pakistan Hassan Nawaz hit with 5.2m pounds tax penalty despite recent bankruptcy … Read the original article here

Kuti Miah has denied owing £15,000 in latest court papers

BankruptcyBy Editor March 20, 2025

Kuti Miah, the charismatic entrepreneur who ran Kuti’s Brasserie in the city for decades, is being pursued over an unpaid bill for refurbishing the Grade II listed restaurant building at The Royal Pier, which the business moved into in 2018. A recent county court case brought by painter and decorator Wayne Holbrook, of Design Dec, will…

UK includes Hasan Nawaz in ‘deliberate tax defaulters’ list – Pakistan

BankruptcyBy Editor March 20, 2025

LONDON: Almost a year after he was declared bankrupt by a UK court, Hasan Nawaz, the son of former prime minister Nawaz Sharif, was included on a list of “deliberate tax defaulters” by the UK government. The list, which was published on Tuesday, features the names of scores of individuals and companies that the HM…

Reliance Capital exits insolvency as IndusInd-backed resolution plan gets final approvals

LiquidationBy Editor March 20, 2025

Reliance Capital Limited (RCL) has successfully exited insolvency after the implementation of its approved resolution plan, making it the first Non-Banking Financial Company-Core Investment Company (NBFC-CIC) to complete resolution under the Insolvency and Bankruptcy Code (IBC). The Reserve Bank of India (RBI) had superseded the company’s board and appointed Nageswara Rao Y as the administrator…

Daily Archives: March 20, 2025