90% of home buyers are unaware of the impact of insolvency on their developers, reveals Magicbricks Consumer … – Realty Fact (press release) (subscription) (blog)

Bankruptcy

Share Tweet Share Share Email With some top developers in the National Capital Region (NCR) filing for insolvency, a Magicbricks Consumer Choice Poll revealed that about 90% of investors are unaware of their rights and how they are impacted when their developer is declared insolvent. Magicbricks, conducted the poll (sample size of 900) to get insights into…

Fortis Insolvency selects encompass verify – Bobsguide (press release)

Bankruptcy

Business and personal insolvency experts, Fortis Insolvency, has selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes. Manchester based Fortis Insolvency provide advice and support to business and individuals across the north west who may be facing financial and operational issues. The only provider of simultaneous, real-time access to multiple…

Insolvency, Companies bills to be laid before Parliament – Graphic Online

Bankruptcy

The Corporate Insolvency Bill, which is expected to provide a framework for restructuring viable but temporarily distressed businesses and the New Companies Bill, which includes a clause on beneficial ownership, are expected to be laid before Parliament soon, the Ghana Association of Restructuring and Insolvency Advisors (GARIA) has indicated. Currently, the two bills are…

IDBI moves Supreme Court against stay of insolvency proceedings against Jaypee Infratech – Economic Times

Bankruptcy

NEW DELHI: The Supreme Court today agreed to hear IDBI Bank’s plea seeking modification of its order staying insolvency proceedings against embattled real estate firm Jaypee Infratech on September 11. A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A M Khanwilkar considered the submission of the bank that staying the order…

Supreme Court To Hear IDBI’s Plea Against Stay On Jaypee Insolvency Proceedings – Outlook India

Bankruptcy

The Supreme Court has agreed to hear IDBIs plea seeking modification of its order staying the insolvency proceedings initiated against real estate firm Jaypee Infratech at the National Company Law Tribunal (NCLT), Allahabad. The apex court on Monday stayed the insolvency proceeding against the Jaypee, and issued notice to firm and others on a plea…

Ten Network administrators support sale to broadcasting giant CBS; reject claims of operating while insolvent – ABC Online

Bankruptcy

The administrators to the failed Ten Network have backed the proposed sale to the US broadcasting giant CBS as the best possible outcome for secured investors and the broadcaster’s staff. Mark Korda of the insolvency group KordaMentha has also told the ABC that delayed media reforms in Australia were not a factor in sidelining…