‘Out of money’: Brisbane party strip icon shut amid lease dispute – The Courier Mail
‘Out of money’: Brisbane party strip icon shut amid lease dispute The Courier Mail Read the original article here
Benami Act attachments cannot be challenged before NCLT
The Supreme Court has delivered a significant ruling clarifying the boundaries between the Insolvency and Bankruptcy Code and the Prohibition of Benami Property Transactions Act, holding that attachments under the Benami Act can only be challenged before authorities constituted under that legislation and not before the NCLT or NCLAT under the IBC framework. A bench…
Are Homebuyers Finally Getting Priority in Real Estate Insolvency?
From Unsecured to Influential: Homebuyers Gain Ground Under IBC Reforms Homebuyers gain stronger representation in insolvency proceedings, with improved participation in the Committee of Creditors (CoC). Possession rights protected – Completed flats can be handed over during insolvency, and occupied units are safeguarded from liquidation. CIIRP introduced under the Insolvency and Bankruptcy Code, enabling faster,…
Spirit Airlines expects to exit Chapter 11 bankruptcy by summer | Business
Spirit Airlines’ parent company says it expects to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a preliminary deal with its lenders and secured creditors that provides the support needed to finish its restructuring. The early-stage agreement would help Spirit finalize changes to its fleet, route network and cost structure…
Ukraine’s lower court opens bankruptcy proceedings against Poltava Mining – Ferrexpo
The Commercial Court of Poltava Region has accepted for consideration an application filed by Financial Company Maxi Capital Group LLC to open bankruptcy proceedings against PJSC Poltava Mining and Processing Plant (FPM, Komsomolsk, Poltava region). According to a statement by Ferrexpo, Maxi Capital filed such application on May 9, 2025, in connection with the contested…
Sheertex owner to be sold to maker of Secret, Silks pantyhose through insolvency process
Open this photo in gallery: Employees complete finishing on pantyhose inside Sheertex, a textile company that makes unbreakable by human hands pantyhose in Montreal, Quebec, December 20, 2019. (Christinne Muschi /The Globe and Mail)Christinne Muschi/Christinne Muschi/The Globe and A.Y.K. International Inc., the maker of Secret and Silk pantyhose, has struck a deal to purchase insolvent…
IBC | Defunct Scheme Of Arrangement Under Companies Act Cannot Stall Corporate Insolvency Resolution… – Live Law
IBC | Defunct Scheme Of Arrangement Under Companies Act Cannot Stall Corporate Insolvency Resolution… Live Law Read the original article here
NCLT Approves ₹52.43 Cr Scheme, Exits CIRP
Birla Cotsyn (India) Limited’s financial commitment from acquirers reaches ₹52.43 Crore; admitted secured creditor claims stand at ₹656.78 Crore. Reader Takeaway: Higher recovery via NCLT approval; legal overhangs and implementation risks remain. What just happened (today’s filing) Birla Cotsyn (India) Limited is set for a revival after the National Company Law Tribunal (NCLT), Mumbai Bench,…
7 reasons veterans struggle with debt, and how to get relief – Durham Herald Sun
7 reasons veterans struggle with debt, and how to get relief Durham Herald Sun Read the original article here
7 reasons veterans struggle with debt, and how to get relief – Merced Sun-Star
7 reasons veterans struggle with debt, and how to get relief Merced Sun-Star Read the original article here