New Delhi [India], May 14 : The National Company Law Tribunal (NCLT) has closed the corporate insolvency resolution process (CIRP) against Nobility Estates Private Limited, the developer of ATS Group’s “Le Grandiose” housing project in Noida, after approving a settlement reached between lenders and the company’s former management. The order was recently made by the…
SINGAPORE – The liquidators of a Singapore company caught in the Wirecard scandal have been barred from using millions in frozen funds to bankroll future lawsuits, which a High Court judge said have poor prospects of success. Instead, the liquidators of oCap Management should focus on winding up the company and “distribute what remains of…
REVEALED: Latest business liquidations in Wakefield Adelaide Now Read the original article here
Embassy Developments Secures Bengaluru Land, Exits Insolvency, But Valuation Questions Persist Whalesbook Read the original article here
The bankruptcy case for Global One Media, the operator of seven stations in Nevada and New Mexico, has shifted fully into liquidation mode two years after the Rich Hudson-led company first sought court protection. Bankruptcy Judge Michael Nakagawa has approved the proposed $550,000 sale of the company’s assets to William Hudson’s Aegis Media Holdings. Trustee…
Numbers of property firms in a ‘red flag’ state of ‘critical financial distress’ leapt 19% this year, shocking new figures reveal. In response, a leading insolvency expert has now predicted many companies will go bust or be bought by larger agencies. During the first three months of this year, the total of ‘real estate and…
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Stratacache, a company that sells in-store digital screens to retailers, is liquidating the U.K. arm of its business. The process includes Stratacache U.K. as well as its company PRN U.K., according to public records. The filings indicate that both Stratacache U.K. and PRN U.K. will close, selling off assets to pay creditors. The companies’ creditors…
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