NCLT Admits Insolvency Case Against Pune Businessman Vishwajeet Jhawar Over ₹226.89 Crore Default

Bankruptcy

The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted insolvency proceedings against Vishwajeet Jhawar, a Pune-based businessman who stood as a personal guarantor for real estate firm Marveledge Realtors Pvt. Ltd., over an alleged default of Rs. 226.89 crore.  The order was passed by the bench comprising Prabhat Kumar (Technical Member) and Sushil Mahadeorao Kochey (Judicial Member) while hearing…

Hardt Hyperloop has been declared bankrupt

Bankruptcy

Dutch hyperloop company Hardt Hyperloop has been declared bankrupt by the court in The Hague. This is stated in the Central Insolvency Register, confirming earlier reports in Dutch media on the bankruptcy. Hardt Hyperloop, based in Rotterdam, was working on the development of technology to transport people at high speed through a vacuum tube in…

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Liquidation

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A city on the docket: Inside Lavasa’s insolvency

Bankruptcy

Homebuyers as residents Homebuyers, out of all stakeholders, experience possibly the sharpest dislocation produced by treating the collapse of Lavasa as a conventional corporate insolvency. Homebuyers are classified as financial creditors and represented as a whole in the Committee of Creditors. However, this formal recognition captures merely their monetary exposure and not their lived realities,…

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Bankruptcy

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…