NCLAT clears way for insolvency against Supertech Realtors, developer of Supernova project. Upholds NCLT order after Bank of Maharashtra claim. New Delhi, Aug 14 (PTI) The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, which comprises residential apartments, offices, retail space,…
IBBI proposes cap on assignments for insolvency professionals to curb delays MSN Read the original article here
Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals, semiconductors, and automobiles. These actions have provoked countermeasures from China and others. While these developments are rightly seen as geopolitical, trade actions—and…
self In this episode of the Lowenstein Bankruptcy Lowdown, partners David M. Posner and Daniel B. Besikof discuss how tariffs—originally intended as tools of industrial policy—are now accelerating corporate bankruptcies by inflating costs, disrupting supply chains, compressing margins, and pushing financially fragile companies into insolvency. Speakers: David M. Posner, Partner, Vice Chair, Bankruptcy & Restructuring…
(Aug 14): The Philippine central bank has ordered mobile wallets, payment applications and other supervised institutions to remove links to online gambling platforms. The financial firms have 48 hours to take down icons redirecting to Internet betting, Bangko Sentral ng Pilipinas deputy governor Mamerto Tangonan said at a Senate hearing on Thursday, citing a decision…
The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2026-27 and beyond. Regular consultations with market participants are an integral and valued part of the…
Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members. According to the official statement, at the end of July Klug submitted an application to the Federal Office of Public Health (BAG) for bankruptcy and license…
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate. Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not…
A Christchurch courier company that went into liquidation owing more than $1.2 million has been the victim of broken promises, sabotage, and professional failings, its sole director says. NJ & MS Holdings Limited, trading as Point to Point, was placed into liquidation by the Greymouth High Court on June 30 after an application from Inland…
While the West Indies tries to determine a way to improve its once-fearsome Test team, Cricket Australia chief executive Todd Greenberg warns that some rivals — without naming names — will go “bankrupt” if they continue to play the longest form of the game. Greenberg, a former Australian Cricketers’ Association chief who took over at…