Sydney Developer Bathla Group Collapses Into Administration, Leaving Homebuyers in Limbo — BigGo Finance

Liquidation

Bathla Group, one of Sydney’s largest developers of affordable homes, has collapsed into voluntary administration after months of mounting financial pressure, leaving thousands of homebuyers uncertain about the fate of their deposits and unfinished projects. Administrators from restructuring firm Teneo were appointed on Tuesday to the group’s main corporate entity, Universal Property Group, as well…

Subhash Chandra insolvency: How creditors will recover just 3 paise for every ₹100 owed | Explained

Bankruptcy

The National Company Law Tribunal (NCLT) has cleared a repayment proposal for Zee Group founder Subhash Chandra that would allow creditors to recover around ₹6.5 crore against admitted claims of ₹22,006.57 crore. The approval effectively leaves lenders facing a 99.97% haircut, meaning they would recover only about three paise for every ₹100 they are owed.…

Subhash Chandra’s office issues clarification on Rs 22,000-crore insolvency case

Bankruptcy

Subhash Chandra’s office on Thursday clarified reports related to the Zee founder’s personal insolvency case before the National Company Law Tribunal (NCLT). Tribunal cites Chandra’s low personal asset value and bankruptcy risk. The office of Zee founder Subhash Chandra on Thursday issued a clarification over reports about his personal insolvency case before the National Company…

India’s Biggest Debt Settlements: How Subhash Chandra’s Insolvency Plan Compares With Videocon, Siva Industries and Vijay Mallya

Bankruptcy

“I have not borrowed any money from any lender,” Zee Group founder Subhash Chandra said on Thursday, clarifying that he was only a personal guarantor for borrowings raised by companies associated with the Essel Group. His statement came after the National Company Law Tribunal approved a ₹6.5-crore repayment plan in his personal insolvency proceedings against…

Subhash Chandra says NCLT insolvency claim is ₹3,992 crore, not ₹22,000 crore as reported

Bankruptcy

Chandra said certain media houses were spreading “wrong information” about his personal insolvency matter and urged platforms “to publish the facts and to remove any mis-information, that is incorrectly interpreted from the Court order.” “Dr. Chandra has not borrowed any money from any lender. Dr. Chandra is only a personal guarantor,” the statement said. According…