IBC moratorium protects only corporate debtor, not promoters or directors: Supreme Court

The judgment was passed on appeals filed by homebuyers who had booked apartments in the ‘Mantri Manyata Energia’ project developed by Mantri Technology Constellations Private Limited, now known as Buoyant Technology Constellations Private Limited. Construction and sale agreements were executed in 2016 and possession was to be handed over by December 31, 2018. The homebuyers…

Alpha DX Group Subsidiaries Set for Dissolution With No Recoveries Expected

Alpha DX Group Limited, incorporated in Singapore and listed on the Catalist board, is in compulsory liquidation alongside three wholly owned subsidiaries in creditors’ voluntary liquidation. These entities include Asnaro Enterprises Pte. Ltd., Conquest Energy Pte. Ltd. and JK E&P Group Pte. Ltd., highlighting a broad-based collapse of the group’s operating structure. Liquidators for the…