The suspect is H.L., a 52-year-old man holding dual Belgian-Chinese nationality. L. worked as a senior manager in the research department at the now-bankrupt Belgan from Oudenaarde. According to De Standaard, he was arrested on 10 May as he was about to board a flight to Beijing. Belgan went bankrupt in 2024 for purely economic…
The suspect is H.L., a 52-year-old man holding dual Belgian-Chinese nationality. L. worked as a senior manager in the research department at the now-bankrupt Belgan from Oudenaarde. According to De Standaard, he was arrested on 10 May as he was about to board a flight to Beijing. Belgan went bankrupt in 2024 for purely economic…
Across Australia, thousands of people are waiting to find out if their homes will be built, after several separate construction company collapses. By far the biggest of those recent collapses has been the Bathla Group, a Sydney developer that’s been one of Australia’s largest affordable home builders. Owing about A$3.4 billion to private lenders, Bathla’s…
David James Higson, 48, of Holly Mount Way, was investigated by the Insolvency Service over his business dealings whilst running Fashion-Recruit Limited. On July 2, 2020, the business, which was based in London, was not trading, but Higson applied for and obtained a Bounce Back Loan (BBL) of £50,000, which the business was not eligible…
Mumbai: The bankruptcy court in Mumbai has approved Shree Naman Developers‘ plan to acquire Deepak B Raheja Group-owned Gstaad Hotels and Neo Capricorn Plaza for a combined price of ₹1,800 crore through resolution plans. The buyer has proposed to pay ₹1,611 crore for Gstaad Hotels, which owns JW Marriott Hotel in Bengaluru, and ₹189 crore…
Indian Masterminds Stories Few insolvency cases have generated as much noise in as little time as the Subhash Chandra repayment plan before the National Company Law Tribunal. The headline number—Rs 22,006.57 crore of admitted claims against a personal contribution of just Rs 6.5 crore—has triggered outrage, confusion and competing claims about what was actually recovered.…
Bathla co-founder Bhart Bhushan could be pursued into bankruptcy by creditors if they cannot recoup their funds after he made personal guarantees on money lent to his collapsed property empire. Bathla collapsed last month with more than $3.4 billion in debts and owes further millions to subcontractors who carried out work on its property developments.…
Vikas WSP seeks three-month AGM extension pending NCLT resolution plan order scanx.trade Read the original article here
On August 21, 2026, Western Potash Corp., Western Potash Holdings Corp., and 0907414 B.C. Ltd. (collectively, the “Company”) were granted protection pursuant to an order (as amended from time to time, the “Initial Order”) issued under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) by the Supreme Court of British Columbia (the “Court”). Pursuant to…
Advocates worry nothing will change as troubled nursing home operator goes bankrupt Santa Fe New Mexican Read the original article here