RERA, Insolvency and Bankruptcy Board of India, IBC, Jaypee Infratech, National Company Law Appellate Tribunal, Arbitration, mediation, Akshat Khetan

Bankruptcy

The valuation of Indian real estate sector has witnessed a surge like none other. To wishful buyers, the sector still reeks of repulsive practices. Application of legal conventions such as RERA (Real Estate Regulation Act) and subsequently Insolvency and Bankruptcy code to tackle defaulting realtors have been some assurances from lawmakers. In the words of…

Builder Gone Bankrupt: What To Do?

Bankruptcy

While there are many challenges that come with building a house, it probably can’t get much worse than hearing your builder has gone bankrupt and that work to your home has stopped, effective immediately. The so-called ‘profitless building boom’, triggered by the COVID pandemic, is still playing out in the Australia construction sector, seeing thousands…

Sequoia-funded Redkenko Health Tech in insolvency court

Bankruptcy

Axis Trustee Services Limited, acting on behalf of Blacksoil Capital Private Limited and Blacksoil India Credit Fund, has successfully initiated a Corporate Insolvency Resolution Process (CIRP) against Redkenko Health Tech Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case, filed before the National Company Law Tribunal (NCLT) Mumbai Bench, centers…

Yearender 2024 Tupperware to Bodyshop to evergrande key companies that filed for bankruptcy this year business news – India TV

Bankruptcy

Image Source : PIXABAY Yearender 2024: Notable companies that went bankrupt in 2024. Yearender 2024: In the year 2024, several high-profile companies faced financial turmoil and finally filed for bankruptcy. This year, a mix of economic pressures and shifting market dynamics pushed some key players across industries into financial distress.   What is Bankruptcy?  Bankruptcy is a legal…

FTX: Customers of failed crypto firm set for refunds

Bankruptcy

When FTX declared bankruptcy in late 2022, roughly $8bn in customer funds were reported missing, not including debts to investors and others. Mr Ray’s team has since recovered assets worth $14.7-$16.5bn, in part by selling off FTX’s remaining assets, such as its investment in the artificial intelligence firm Anthropic. The deal reached with the bankruptcy…