Flats Image for representative purposes The Supreme Court on Thursday held that a society or Resident Welfare Association of homebuyers has no locus standi (legal standing) to intervene in insolvency proceedings initiated against a real estate developer as it is neither a creditor nor an authorised representative of allottees in the real estate project [Elegana Co-op…
(Jan 16): A Thai construction company under investigation over its role in two fatal crane crashes that killed 34 people earlier this week is seeking investor consent to restructure about US$446 million (RM1.8 billion) of debt. Italian-Thai Development PCL will hold an online meeting with bondholders at 2pm in Bangkok on Friday to request an extension…
The case before the Court concerned the insolvency process initiated against real estate developer Takshashila Heights India Private Limited. Takshashila Heights had availed loans of ₹70 crore in 2018 from ECL Finance Limited for the development of a residential-cum-commercial project titled “Takshashila Elegna” in Ahmedabad. The loan was later assigned to Edelweiss Asset Reconstruction Company…
Italian-Thai Development is grappling with a liquidity crunch that has forced it to offload its overseas investments [BANGKOK] A Thai construction company under investigation over its role in two fatal crane crashes that killed 34 people earlier this week is seeking investor consent to restructure about US$446 million of debt. Italian-Thai Development will hold an…
Bradford is outperforming the national trend when it comes to business liquidations. Despite 26,005 business insolvencies recorded across the UK and Northern Ireland in 2025, Bradford’s liquidation rate stands at just two per cent, according to an analysis by Liquidation Centre. Out of 1,590 businesses within a 500-metre radius, only 32 in the city entered…
Business closures expected to rise further as liquidation numbers stay high HRD America Read the original article here
BANGKOK – A Thai construction company under investigation over its role in two fatal crane crashes that killed 34 people earlier this week is seeking investor consent to restructure about US$446 million (S$574 million) of debt. Italian-Thai Development will hold an online meeting with bondholders at 2pm in Bangkok (3pm Singapore time) on Jan 16…
The owner of the Stoli vodka brand has declared its US division, as well as the Kentucky Owl American whiskey business, as bankrupt, ending a year-long battle to save the pair. In November 2024, Luxembourg-headquartered Stoli Group, owned by Russian businessman Yuri Shefler, filed for Chapter 11 bankruptcy for Stoli Group USA and Kentucky Owl. The…
Summary Company Announcement Date: January 12, 2026 FDA Publish Date: January 12, 2026 Product Type:
A fresh legal challenge has been filed in the Federal Court of Australia, continuing a long-running series of court proceedings involving the Cyprus Community of NSW and its assets, this time directed at Cyprus Community of N.S.W. (Holdings) Limited. Court documents filed in December show that Dr Costas Costa has commenced proceedings under the Corporations…