MUMBAI: The Bombay High Court quashed an Enforcement Directorate (ED) case under the Prevention of Money Laundering Act (PMLA) filed against V Hotels, owner of Tulip Star, formerly the iconic Centaur Hotel in Juhu, and its April attachment of the hotel’s 12 properties across Juhu and Malad, Mumbai. A day before a bankruptcy court approved…
Ascent Resources Secures Major Claims in Slovenian Insolvency Case TipRanks Read the original article here
Tesla CEO Elon Musk wrote on X (formerly Twitter) that Microsoft co-founder Bill Gates might go bankrupt if Tesla becomes “the world’s most valuable company by far,” reigniting the feud over Gates’ short position against the electric vehicle giant. At present, Tesla’s market capitalization sits at $1.251 trillion, trailing far behind Apple Inc. – the…
PARIS — A French commercial court has officially declared Kremlin-backed media outlet RT France bankrupt, the company’s President Xenia Fedorova announced on Friday. “The court of Nanterre took the decision to put RT France in liquidation — a media that has not pleased [French President] Emmanuel Macron since its launch and, which was sanctioned by the…
NEW DELHI: Properties worth Rs 2,566 crore of fugitive businessman Mehul Choksi would now be ready for auctioning after a special Mumbai court order. The properties were attached by the Enforcement Directorate (ED) in the PNB fraud case. The ED has already started the process of handing over the properties to the liquidator and assets…
Bankruptcy ‘illegal’: candidate The Australian Read the original article here
The fortunes of Australia’s largest commercial contractors have improved as cost growth slows and loss-making projects end, but increasing insolvencies among smaller subcontractors and suppliers are putting that recovery at risk by narrowing the industry base on which larger builders rely to get work done. Financial reports lodged with the corporate regulator show the country’s…
Rise of Corporate Insolvency in Colombia: Business and Construction, the Most Affected Sectors Holland & Knight Read the original article here
NCLT Bengaluru Dismisses Insolvency Plea Against Mantri Developers Filed by Indian Bank The Law Advice Read the original article here
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