NCLT Dismisses Homebuyers’ Plea on Interest Appropriation, Upholds RP’s Claim Admission Methodology [Read Order]

Liquidation

The National Company Law Tribunal (NCLT) has dismissed an application filed by homebuyers Ashok Gupta and family, who sought a recalculation of their claims in the insolvency proceedings of Samar Estates Pvt. Ltd. The tribunal upheld the Resolution Professional’s methodology, ruling that refunds of ₹40 lakh received before the Corporate Insolvency Resolution Process (CIRP) must…

ASX Suspends QPM Energy Shares After Voluntary Administration

Liquidation

QPM Energy Limited, an ASX-listed energy company, has come under closer regulatory scrutiny as concerns over its financial condition have emerged, placing its continued access to public capital markets in question. The business operates within the Australian energy sector and is required to meet ASX listing standards to maintain quotation of its securities. The ASX…

Hong Kong Court Rejects Crown Perth Debt Interest Claim

Debt Help

A Hong Kong court has dismissed a lawsuit brought by a former Crown Resorts marketing executive who sought interest payments linked to a AU$60 million gambling debt accumulated by Chinese businessman Huang Youlong during a 2015 visit to Crown Perth. The High Court of Hong Kong ruled that the debt arrangement was between Huang and Macau-based…